Coinbase Unveils Tokenized Stocks and Derivatives Expansion

Coinbase has announced an ambitious plan to transform its platform into what it calls the “everything exchange,” a unified onchain trading environment that aims to bring together millions of crypto assets, derivatives, and tokenized traditional securities [1]. The vision was unveiled on July 31 alongside the company’s second-quarter 2025 earnings, signaling a strategic shift toward expanding its offerings beyond native crypto products to include a broader spectrum of financial instruments [1].

According to Coinbase CEO Brian Armstrong, the long-term goal is to create a centralized hub where users can access all types of tradable assets in one place [1]. The company has already taken significant steps toward this objective, including the launch of CFTC-regulated perpetual futures in the U.S., record activity on its international derivatives platform, and the initiation of its acquisition of Deribit, a leading global crypto options platform [1]. These moves underscore Coinbase’s intent to offer a comprehensive suite of financial products that cater to both retail and institutional investors.

One of the key components of the “everything exchange” is the integration of tokenized equities. Coinbase aims to tokenize traditional stocks and bring them onto its platform, a move that aligns with its broader vision of onchain financial infrastructure [1]. With the $100 trillion traditional equity market being viewed as a prime candidate for tokenization, the company is positioning itself as a bridge between legacy financial systems and the emerging tokenized economy [1]. The Base App, now in open beta, is being positioned as the primary vehicle for this integration, offering users access to a vast array of tokens and financial instruments.

Coinbase’s recent collaboration with JPMorgan Chase to link Chase bank accounts directly to its platform is another strategic move to enhance user accessibility and trust [4]. This partnership is expected to bring a large segment of the traditional banking population into the crypto ecosystem, reducing friction and expanding the user base for tokenized financial products [4].

In terms of financial performance, Coinbase has seen growth in its subscription and services segment, with management projecting revenue of up to $745 million for Q3 2025 [3]. This growth is attributed to the expansion of the “everything exchange” and the increasing use of stablecoin-based payment solutions, both of which highlight the company’s ability to adapt to the evolving landscape of digital finance.

The broader market is also showing signs of alignment with Coinbase’s strategy. The U.S. Securities and Exchange Commission’s (SEC) recent guidance on crypto ETP listing standards suggests a regulatory environment that may support the growth of tokenized assets and structured financial products [5]. These developments are expected to further drive institutional interest in digital assets and support the adoption of platforms like Coinbase that are positioning themselves at the intersection of traditional and digital finance [5].

Overall, Coinbase’s move toward an “everything exchange” reflects a broader industry trend where major crypto platforms are expanding beyond their native asset classes to compete with traditional financial services. By integrating tokenized equities, derivatives, and other financial instruments, Coinbase is not only addressing market demand but also setting the stage for its role as a key player in the future of global finance [1].

Source:

[1] https://cryptorank.io/news/feed/eccaf-coinbase-unveils-plans-for-tokenized-stocks-and-predictions-market-platform-here-is-what-we-know-bullish

[2] https://cryptorank.io/news/feed/332ef-coinbase-to-launch-tokenized-stocks-prediction-markets-in-us

[3] https://seekingalpha.com/news/4476183-coinbase-sees-q3-subscription-and-services-revenue-growth-target-of-up-to-745m-as-it-expands

[4] https://www.blocmates.com/news-posts/coinbase-partners-with-jpmorgan-to-link-chase-accounts-to-crypto-exchange

[5] https://www.bitget.com/news/detail/12560604888418