Coinbase’s Latest: Prediction Markets And Stock Trading Added To Platform
Coinbase (COIN) revealed on Wednesday its plans to roll out a suite of new products intended to transform the platform into a comprehensive financial application, including the addition of stocks, advanced trading tools, and prediction markets. Brian Armstrong’s Vision CEO Brian Armstrong envisions his platform as the go-to destination for a diverse range of trades, […]
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Augur, a decentralized platform allowing individuals to create prediction markets on a vast array of topics, announced today that it was launching its alpha test."Traditionally, prediction markets have fallen short due to their need for volume in order to be valuable forecasting tools," explained Jeremy Gardner, the Director of Operations at Augur. "Having a global, unstoppable, blockchain-based prediction markets platform means anyone in the world with internet can connect to Augur."However, Augur is not, itself, a prediction market. Rather, it is open-source code for a prediction markets....
From price volatility to becoming the most valuable U.S. exchange, here is how well Coinbase’s first day of trading tracks with other companies. American crypto exchange giant Coinbase went public on Wednesday with a direct listing on Nasdaq.The company’s performance on day one has been hailed as being positive overall, with Coinbase becoming the most valuable exchange in the United States ahead of legacy players such as the Chicago Mercantile Exchange.Coinbase’s first day of trading was seen by market commentators as a watershed moment for the crypto space, but how does its performance....
Two different acts banning congressional staff, members of congress and federal officials from trading on prediction markets were introduced on Wednesday, March 25, one of them being effective immediately. Related Reading: Nvidia Lands In Court Over Crypto Secret — Here Is What Investors Missed Massachusetts Bans Crypto Prediction Market Washington’s battle against prediction markets rages […]
According to recent reports, the Dutch arm of the prediction markets platform Polymarket has been asked to cease its activities in the Netherlands. This order comes as the latest regulatory blow dealt to the prediction market platform in recent weeks. Dutch Regulator Threatens Polymarket With $840,000 Fine In a notice dated Tuesday, February 17, the […]
Major exchanges are elbowing for exposure to Coinbase's listing. Major global cryptocurrency exchanges including Binance and FTX have announced the listing of Coinbase’s stock token ahead of its direct listing on Nasdaq.According to a Wednesday announcement, Binance will list Coinbase's stock token (COIN) today, allowing its users to trade fractional Coinbase stock on the Binance website.The new stock token will trade against Binance USD (BUSD), Binance’s stablecoin pegged to the United States dollar and issued by Paxos Trust Company.Binance said that Coinbase stock tokens are....