Coinbase is gearing up for a major expansion, following the leak of several screenshots that show off features the company has not yet officially announced. The leaked images reveal a prediction market tool, apparently powered by Kalshi, Inc., and a new stock-trading interface for buying common stocks and ETFs. Coinbase didn’t deny the screenshots.
Coinbase System Update incoming.
→ Exciting product announcements
→ Key business updates
→ Lots of other cool stuffA new era of Coinbase is beginning.
December 17, 2PM PT, live on 𝕏. pic.twitter.com/pWcHnjlMkw
— Coinbase 🛡️ (@coinbase) November 18, 2025
Instead, they directed attention to a livestream set for December 17, which is expected to unveil what the company has described as the beginning of a “new era.”
A Closer Look at the Leaked Features
The leak was revealed by @wongmjane on X.com. According to the screenshots, users may soon be able to bet on the outcomes of real-world events via prediction markets. One question visible in the leak asked, “Will Trump release any of the Epstein files?”
Coinbase is working on Prediction Market pic.twitter.com/0T3HwdXmDy
— Jane Manchun Wong (@wongmjane) November 18, 2025
This kind of speculation would allow users to place bets based on real-life developments. Alongside that, other images appear to confirm Coinbase is experimenting with adding stock and ETF trading directly within its app. These features seem to have been discovered by breaking down the underlying code on Coinbase’s site.
A Bold Expansion Beyond Crypto
If these features go live, Coinbase would be stepping far outside the boundaries of crypto trading. Adding stocks would bring them into direct competition with traditional brokerages. At the same time, the prediction market tool would introduce a completely new product category to its platform. The livestream set for mid-December seems carefully timed to mark this evolution. It’s clear Coinbase is positioning itself to become something much bigger than a place to buy and sell digital assets.
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The Prediction Market Space Is No Small Bet
Kalshi has already handled around $17 billion in total volume, while Polymarket has seen more than $34 billion. Those numbers show that users are actively engaging with platforms that let them speculate on political, cultural, and economic outcomes.
If Coinbase does move into this space, it won’t be starting from scratch. It would be bringing a well-established product type to a user base that already trusts the platform for crypto trades.
What to Watch in the Weeks Ahead
There are still plenty of unanswered questions. Will these features be available to users across all U.S. states? Will the stock trading allow for fractional shares or stick to full-share orders? Which ETFs will be listed first? And perhaps most importantly, how will Coinbase navigate the regulatory landscape that comes with prediction markets and traditional equities? These details will matter as much as the launch itself.
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A Sign of What’s Coming for Finance Platforms
This move by Coinbase seems to show a bigger change that is taking place across the industry. Crypto exchanges are no longer content with staying in their lane. By bringing together stocks, crypto, and event-based markets, Coinbase is betting that users want a single platform that covers everything.
However, soon after the leak by @wongmjane, Coinbase has now seemingly hidden the predictions feature.
Update: Coinbase Predictions is no longer publicly accessible after my initial scoop about their upcoming feature https://t.co/ASoiCEzW0A pic.twitter.com/1SdsM8rwBY
— Jane Manchun Wong (@wongmjane) November 19, 2025
That could encourage other platforms to follow suit, turning today’s exchanges into tomorrow’s all-in-one financial dashboards.
Wrapping It All Up
Coinbase’s response to the leaks wasn’t to shut them down but to tease what’s coming. Between the prediction markets and stock-trading interface, it’s clear the company is aiming to change how users think about financial apps. When the December 17 stream goes live, it could mark the moment Coinbase starts playing in a much bigger league, one that mixes crypto, stocks, and real-world outcomes into one seamless experience.
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