Coinbase Expands Beyond Crypto with Tokenized Stock Trading and New Products

Coinbase is expanding its offerings beyond cryptocurrency trading by launching tokenized stock trading and new crypto products. The company plans to introduce this feature in August for customers outside the United States, allowing users to buy and sell tokenized stocks with true equity ownership.

The tokenized stocks will be backed 1:1 by the underlying asset and will offer dividend payouts and full shareholder rights. Coinbase is also introducing options trading for crypto and stocks on its exchange, giving holders the right to sell at a strike price unlike futures contracts.

Coinbase is further expanding its product line with real-world asset perpetual futures tied to equity themes such as AI, China, defense, and tech. Pre-IPO perpetual futures have seen strong demand in recent months, with volumes across leading exchanges rising 1,100% since early May to about $12 billion.