Coinbase (Coin) said that he increased his Bitcoin (BTC) assets and that he was planning to launch American actions and token prediction markets in the coming months, marking a significant expansion of her activities while seeking to diversify her flow of income.
In an article on X Thursday, CEO of Coinbase, Brian Armstrong, said: “Coinbase is long Bitcoin. Our detention increased by 2,509 BTC in the second quarter, and we continue to buy more.”
The news on the purchase of Bitcoin de Coinbase is not new, but it is definitely fashionable, because many Bitcoin vouchers recently appeared to imitate the strategy of Michael Saylor (MSTR). However, the Crypto Exchange financial director Alesia Haas previously clearly indicated that Coinbase is not a BTC treasury company but rather a cryptographic operating company that invests in the sector.
Read more: Coinbase buys Bitcoin, do not call it a cash strategy.
In addition, Coinbase confirmed to CNBC that he was preparing to offer tokenized versions of American actions – digital representations of shares which can be negotiated on blockchain infrastructure. Products will allow users to buy and sell 24 -hour shares fractions, with faster regulations and lower costs than traditional stock markets.
The legal director of the company, Paul Grewal, announced in June that the company asked for approval of the Securities and Exchange Commission of the United States for the product.
The announcement comes in the middle of a broader thrust of financial institutions to explore tokenization – the process of setting up real assets on blockchain – as a means of improving efficiency and accessibility on capital markets. Blackrock, Franklin Templeton and JPMorgan have all made forays into space in recent months.
The best competitors in Coinbase, Robinhood and Kraken, have both recently launched token actions outside the United States
The exchange also plans to launch prediction markets, which would allow users to bet on the results of future events using cryptographic assets. These characteristics should be deployed in a few months, pending regulatory clarity, the vice-president of the Coinbase product, Max Branzburg said in CNBC on Thursday.
“We build an exchange of everything,” he told CNBC. “Anything you want to exchange, in a one -stop shop, in a chain.
Coinbase announced Thursday the profits from the second quarter, the missing estimates, because the volume of retail fell in the last quarter. The company’s shares are down approximately 6% of post-commerce exchanges.
