Coinbase expands its financial services by launching AI advisors and stock options.

Coinbase has launched a suite of new products, encompassing stocks, derivatives, artificial intelligence, and consumer finance, continuing its journey towards becoming a "full-service exchange." This announcement is part of Coinbase's latest "system update," demonstrating that the largest U.S. cryptocurrency exchange is competing with digital asset platforms, brokerage firms, and fintech companies. Coinbase announced the launch of tokenized stocks pegged one-to-one to U.S. stocks and plans to offer options trading for cryptocurrencies and stocks, allowing users to utilize strategies employed by traditional investors. Customers can now transfer their stock portfolios and trade U.S. stocks and ETFs through Coinbase Advanced. Coinbase is also expanding its derivatives business, launching perpetual futures related to artificial intelligence, defense, and Chinese stocks, as well as pre-IPO perpetual futures for private companies like SpaceX. Contracts related to OpenAI and Anthropic are expected to be listed later this year. The exchange has also launched short-term crypto prediction contracts and bundled betting, further investing in the prediction market.