Coinbase’s Everything Exchange Expands With Pre-IPO Perps, Stock Options, Tokenized Stocks

Coinbase is moving closer to its vision of an “everything exchange,” adding pre-IPO perpetual futures, stock options, and soon tokenized stocks as part of a broader expansion beyond traditional crypto trading.Key TakeawaysCoinbase unveiled a slate of new market-focused products, hinting at a broader vision for how users access and interact with financial assets.Base gained private transactions, adding another layer to its evolving ecosystem for developers and users.Looking ahead, emerging AI-driven financial tools could open new possibilities across the platform in ways that are still taking shape. Trading Expansion Adds Pre-IPO Perps, Options, and Tokenized Stocks Crypto exchange Coinbase Global Inc. (Nasdaq: COIN) expanded its “everything exchange” push with new products that include pre-IPO perpetual futures, stock options, and tokenized stocks planned for release soon, Coinbase CEO Brian Armstrong said on X. The update affects active traders, developers, Base users, and customers using Coinbase’s financial tools. The Coinbase chief presented the announcements as part of a broader product week for the company. He thanked employees and “their thousands of AI agents” for supporting launches across exchange products, payments infrastructure, Base, developer tools, and artificial intelligence-linked financial services. He shared on June 18: “The everything exchange now includes pre-IPO perps, stock options, and tokenized stocks soon.” Deribit, which Coinbase acquired in a $2.9 billion deal, adds another layer to the company’s derivatives strategy as the platforms move closer across liquidity and user access. The development reflects a wider effort to unify trading activity across spot, derivatives, and advanced exchange products. Stablecoin Payments, Base Updates, and AI Finance Tools Join Product Push The company also introduced new tools for businesses adopting stablecoin payments, including fully custodial accounts backed by Coinbase’s compliance stack and a new developer dashboard. In addition, Base, Coinbase’s Ethereum Layer 2 blockchain network, gained private transactions and a web version of the Base App, expanding its accessibility for both consumers and developers. Coinbase Advanced, the company’s advanced trading platform designed for experienced and high- volume traders, also received a redesign. He indicated that the company has started combining global liquidity across U.S. and international users, as well as between Coinbase and Deribit users. The Coinbase CEO added: “We also redesigned Coinbase Advanced, and started to combine our global liquidity (between US and international users, and also Coinbase and Deribit users).” Artificial intelligence formed the final part of the announcement slate. Armstrong highlighted: “Coinbase is also becoming the financial account for AI – give your agent a wallet, get AI-powered financial advice, and connect your Coinbase account to your favorite LLM.” The announcements place trading products, stablecoin payments, Base infrastructure, and AI-linked account access under one product cycle. The updates appeared in a single post on X, linking the initiatives to an effort to expand beyond crypto spot trading.