Coinbase Expands Beyond Crypto with Derivatives, Equities, Prediction Markets

Coinbase has expanded its business beyond being a single-product spot crypto exchange to a diversified platform, said Chief Financial Officer Alesia Haas at Citi's 2026 Global TMT Conference.

The company is building what it calls an 'Everything Exchange', with new products in derivatives, equities, prediction markets, and payments. This move aims to expand Coinbase's total addressable market and give the company more ways to capture trading activity across asset classes.

Prediction markets have gained traction quickly, crossing a $100 million annualized run rate only six months after launch. The product has grown 106% quarter over quarter in Q2, with daily active traders tripling and revenue quadrupling after the launch of crypto binaries.