Keep up with the new trend! Coinbase (COIN.US) tokenized stocks and prediction market functions may go online next week.

According to a source familiar with the matter, Coinbase Global (COIN.US) plans to announce the launch of prediction markets and tokenized stocks next week, which are two of the hottest products in the financial market. The source said that the largest cryptocurrency exchange in the United States, Coinbase, will publicly release these products at a showcase event on December 17th. They mentioned that their tokenized stocks will be launched internally, rather than through partners. Coinbase executives had previously expressed interest in entering these business areas, but they have not officially announced their plans. Screenshots of applications hinting at these features have been circulating on social networks for weeks. A spokesperson for Coinbase declined to comment on the company's specific plans, but stated, "Stay tuned for the live event on December 17th to find out what new products Coinbase will launch." These initiatives are part of the company's efforts to become a "universal app", aimed at providing traders access to a wide range of assets and markets and keeping up with competitors who are also diversifying. Earlier this year, Robinhood Markets launched prediction market products from Kalshi Inc. Robinhood and the cryptocurrency exchange Kraken also have tokenized US stocks and exchange-traded funds (ETFs), although they are only available outside of the US. According to data from tracking firm rwa.xyz, trading of tokenized stocks (digitized stocks linked to blockchain) has been growing, with monthly transfer volumes increasing by 32% to $14.5 billion over the past 30 days. Prediction markets allow people to bet on the outcome of events such as sports matches and elections, and have become explosively popular over the past year, attracting interest from traditional financial exchanges and crypto platforms. This week, the cryptocurrency exchange Gemini was approved to launch prediction markets. Another exchange, Crypto.com, has partnered with companies including Trump Media & Technology Group Corp. to help them launch prediction markets. Coinbase's announcement of new products comes at a time when the crypto market remains volatile following a sharp sell-off in October. However, the company's stock price has still risen by 8.3% this year.