Coinbase to Increase BTC Holdings, Offer Tokenized Stocks and Prediction Markets in U.S.

Key Points

1. Coinbase purchased 2,509 BTC ($290 million) in Q2 2025, increasing its Bitcoin holdings and entering the top 10 of public companies holding Bitcoin.

2. The company reported Q2 revenue of $1.5 billion, below analysts' expectations of $1.59 billion, while rival Robinhood reported $989 million in revenue, a 45% year-on-year increase.

3. Coinbase announced plans to launch tokenized stocks and prediction markets in the US, expanding its services under the 'everything exchange' strategy.

4. The exchange aims to bring various assets onchain, including stocks and prediction markets, with a gradual international rollout pending jurisdictional approvals.

5. Other exchanges like Robinhood, Kraken, and Gemini have also introduced tokenized equity offerings, which are digital representations of shares tradable on blockchain.