Coinbase is gearing up to launch an ambitious “everything exchange” within its app, aiming to become a comprehensive Coinbase super app for multi-asset trading.
This expansion leverages blockchain technology to integrate tokenized real-world assets (RWAs), stocks, derivatives, prediction markets, and early-stage token sales, potentially reshaping how users interact with global finance.
With regulatory hurdles easing, thanks to the SEC’s “Project Crypto” initiative, this rollout could unlock trillions in on-chain opportunities, making trading faster, more accessible, and borderless.
Coinbase Super App: Key Features
The upcoming features promise to blend crypto’s innovation with traditional finance:
- Tokenized Stocks: U.S. users will soon trade tokenized versions of equities, enabling 24/7 access and fractional ownership on the blockchain, starting in the coming months with plans for international expansion.
- Derivatives and Perpetual Futures: Building on the recent Coinbase Perpetuals launch, the app will include advanced derivatives trading, competing directly with platforms like Binance.
- Prediction Markets: Users can wager on real-world events, such as elections or sports, through tokenized contracts, tapping into decentralized forecasting trends.
- Additional Integrations: Expect RWAs, stablecoin-powered payments, and even converting rewards points (like from JPMorgan) to USDC, inspired by super apps like WeChat.
Navigating Challenges Amid Growth
Despite the excitement, Coinbase faces headwinds. Q2 2025 earnings revealed a 26% quarter-over-quarter revenue drop to $1.5 billion, with transaction volumes down 40% due to muted retail activity and a $307 million data breach cost.
Intense competition from Robinhood’s global push, Kraken’s tokenized offerings, and fee-free DEXes threatens market share, potentially slowing the super app’s adoption. Analysts remain cautiously optimistic, noting that diversified revenue from staking and stablecoins hit record highs, providing a buffer.
This development signals a maturing crypto ecosystem, but success hinges on execution and user trust. For more crypto updates, follow our MevX blog today!
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