TLDR
- Coinbase stock rose over 5% after leaked screenshots revealed tokenized equities features launching December 17
- Company partnering with Kalshi for CFTC-compliant prediction markets through its regulated derivatives arm
- Tokenized equities will offer 24/7 trading and instant settlement for real company shares
- Analysts gave 15 buy ratings out of 24 total ratings as of November 2025
- Standard Chartered announced expanded partnership to develop institutional trading and custody solutions
Coinbase shares climbed sharply this week after leaked app screenshots revealed the company’s upcoming tokenized equities platform. The stock jumped more than 5% as investors reacted to news of the December 17 launch.
The crypto exchange is rolling out two major products at once. One is a prediction markets platform for event-based trading. The other is tokenized stocks that let users trade real company shares on blockchain.
Leaked images from the Coinbase app showed the tokenized equities interface. Users will be able to trade stocks around the clock, including weekends. This is something traditional stock markets don’t offer.
The company developed its tokenized equities platform in-house rather than using outside partners. This gives Coinbase more control over how the product works and how it makes money from it.
Trading volume for the stock increased as news spread. Market watchers expect these new products to create fresh revenue streams for the exchange.
Regulatory Compliance and Strategic Partnerships
Coinbase partnered with Kalshi to launch its prediction markets service. Kalshi is a federally regulated platform that follows U.S. Commodity Futures Trading Commission rules.
The prediction markets will run through Coinbase Financial Markets, the company’s regulated derivatives arm. This approach helps Coinbase avoid the regulatory problems that competitors like Polymarket and Gemini have faced.
The company also announced an expanded partnership with Standard Chartered on December 12. The two firms will explore trading, custody, staking and lending solutions for institutional clients.
Standard Chartered brings global banking expertise to the partnership. Coinbase provides its market-leading institutional platform and digital asset capabilities.
Margaret Harwood-Jones from Standard Chartered said the partnership aims to support clients as digital asset markets mature. Brett Tejpaul from Coinbase Institutional called it a step forward for institutional-grade digital asset solutions.
Analysts have mostly positive views on Coinbase stock. As of November 2025, 15 analysts gave buy ratings while eight said hold and one recommended sell.
Monthly transfer volumes for tokenized stocks have grown 32% in the past 30 days. The total reached $1.45 billion, showing strong demand for blockchain-based financial products.
Some price predictions for Coinbase’s tokenized stock product (xStock) reach as high as $472.99 by 2026. Another model projects $327.59 by the same year assuming 5% annual growth.
The tokenized equities will allow instant settlement of trades. Traditional stock markets take two business days to settle transactions. Coinbase’s system will do it immediately.
The company already has a large user base and institutional infrastructure. By adding prediction markets and tokenized stocks, it’s creating what executives call an “everything exchange.”
Competitors are entering the space too. Gemini recently launched event contracts through its Titan subsidiary after a five-year regulatory process. Polymarket resumed U.S. operations after getting CFTC clearance.
Coinbase’s public listing gives it a capital advantage over smaller competitors. The company recently acquired Deribit and expanded its stablecoin partnerships.
The December 17 event will provide full details on both product launches. Investors expect the company to outline how these offerings will generate revenue and comply with U.S. regulations.
Standard Chartered already provides banking connectivity for Coinbase in Singapore. The expanded partnership builds on that existing relationship to serve institutional clients globally.


