With the massive Coinbase announcements at its ‘System Update’ event that kicked off this evening (December 17), at 8pm P.T, its COIN stock has responded by dropping -3.3% in the afternoon session and is currently trading for $244.19.
Coinbase’s announcements include built-in Prediction Markets by integrating Kalshi into the platform, equity perps for non-US citizens, and the ability to trade Solana tokens on-chain directly on the Coinbase exchange, among other new features.
Bitcoin has responded to the announcement from the second-largest CEX with a +0.4% increase in the past hour since the event began, but there is much work to do if
Bitcoin
1.29%
Bitcoin
BTC
Price
$64,231.88
1.29% /24h
Volume in 24h
$16.50B
Price 7d
Learn more
is to reclaim $90,000. At the time of writing, it is trading at $86,100, and even that level appears shaky.
You’ve got hot takes – now you’ll have a place to trade them.
Here’s a first look at Prediction Markets on Coinbase ↓ pic.twitter.com/89VmttCRI0
— Coinbase 🛡️ (@coinbase) December 17, 2025
Prediction Markets, Solana Trading, Equity Perps, and Much More as Coinbase Makes a LOT of Announcements
Among the individual announcements made at the System Update event, Coinbase has made clear its ultimate goal of becoming the largest one-stop-shop trading and financial platform.
The leading digital asset exchange announced it’s rolling out a major slate of new products, including expanding into stocks, offering more advanced trading tools, and adding prediction markets, while increasing its on-chain ecosystem exposure.
Non-US users will soon be able to trade stocks through a streamlined futures and perpetuals experience. In contrast, all users will have access to prediction markets through Kalshi, alongside a tokenization roadmap to eventually bring more traditional assets on-chain, including equities.
🚨NEW: Coinbase announces 24/7 stock trading on app including trading stock perpetuals with up to 20x leverage. pic.twitter.com/YLyla1tWBa
— Autism Capital 🧩 (@AutismCapital) December 17, 2025
Another big announcement is that users can now trade millions of Solana ecosystem coins directly within Coinbase via an integrated version of the Jupiter DEX.
Finally, Coinbase stated that it is developing “custom stablecoins” for firms that want branded stablecoin rails, while spotlighting x402, a payments standard the company says is meant to make stablecoin payments easier to attach to web requests, including for automated commerce and AI agent-driven transactions.
It was an action-packed event from Coinbase, with announcement after announcement, and one thing is clear: the US-based exchange is serious about its plan to become the number one financial trading platform in the world.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
COIN Stock Up/Down XYZ% – Down -20% in 2025, How Low Can it Go?
Shares of Coinbase, a blockchain infrastructure company, fell by 3.3% in the afternoon session following its ‘System Update’ event. Whether the stock finishes the day’s trading session strong remains uncertain.
Still, ongoing bearish sentiment in the broader crypto market remains entrenched, no matter how many big announcements Coinbase makes; both COIN stock and Bitcoin are ending the day in the red.
Coinbase’s shares are known for their volatility, with 51 price movements exceeding 5% over the past year. Today’s movement suggests the market views this news as significant but not as a factor that would fundamentally alter its view of the business.
The last notable price movement occurred six days ago when the stock gained +1.8% after crypto-linked stocks surged, buoyed by MicroStrategy’s announcement that it had purchased an additional 10,624 bitcoins for approximately $962.7M.
In a positive development, PNC Bank launched direct bitcoin trading for its private bank clients, utilizing the Coinbase Crypto-as-a-Service platform. This initiative makes PNC the first major US bank to offer such services, enabling eligible clients to buy, sell, and hold bitcoin directly through their existing digital banking accounts.
Coinbase is down -1.66% year-to-date, trading at $244.19 per share, around 40% below its 52-week high of $419.78 from July 2025. Investors who purchased $1,000 of Coinbase shares at its April 2021 IPO would now see their investment valued at $771.70.
BONUS: Is Maxi Doge (MAXI) the Best Memecoin Play Following the Bullish Coinbase Event?
With Coinbase showing investors that crypto is far from dead, despite the bearish price action over the last few months, traders are seemingly reinvigorated and back to eyeing the best memecoin play as we edge closer to 2026.
This is where Maxi Doge (MAXI) comes in. It is still in presale, having raised $4.35M, and is quickly being viewed by investors as a low-cap gem and a perfect beta play against mainstream, established memecoins such as DOGE
Dogecoin
0.26%
Dogecoin
DOGE
Price
$0.0837
0.26% /24h
Volume in 24h
$385.91M
Price 7d
Learn more
.
While Dogecoin’s best days are behind it, MAXI looks to be the true successor to DOGE, the OG memecoin that printed thousands of millionaires overnight following its 100,000%+ run back in the day.
With staking yields of 71% APY and tokens still just $0.0002735 for the next 24 hours, early investors are locking in their shot at memecoin millionaire status before the next presale price stage kicks in.
Visit the Maxi Doge Token presale site and connect with Best Wallet, one of the top self-custodial crypto wallets on the market. You can swap ETH, BNB, USDT, or USDC, or even buy directly with a bank card.
Stay connected by joining the growing community on X and Telegram.
Visit MAXI HereEXPLORE: 20+ Next Crypto to Explode in 2026
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
