Coinbase announces foray into the prediction market and stock trading fields.

The largest cryptocurrency exchange in the United States, Coinbase Global Inc., announced that it will officially enter the prediction market and stock trading field. The company stated on Wednesday that the two services have begun to launch and will be open to all eligible users in the United States in the coming weeks. "Today, Coinbase has become an ideal platform for trading all kinds of assets, not just cryptocurrencies," said CEO Brian Armstrong at a product launch event. This move is an important part of Coinbase's "all-in-one app" strategy - the platform will provide traders with diversified asset and market choices, while keeping pace with the diversified layout of competing institutions. Coinbase mentioned at the launch event that users can use US dollar stablecoins to purchase stocks. Analysts at Deutsche Bank Research Institute pointed out in a report, "This strategy is expected to significantly expand the company's target market, enrich the product and service matrix, and help alleviate the pricing pressure that the retail cryptocurrency trading field may face in the future." Analysts also said that new services like prediction markets are key factors in driving company growth.