Morning Minute: Coinbase Wants to Be the Everything Exchange

Coinbase just announced years of product launches in a single evening—will it be enough to close the gap with Robinhood?

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

Coinbase is entering a new era.

And it’s bigger than crypto.

At its Wednesday night event, Coinbase unveiled a broad slate of new products as part of its push to become an “everything exchange.”

With this move, they are bringing traditional finance, crypto-native tools, and onchain infrastructure into a single platform.

Products announced on Wednesday:

Years of products and roadmap - all announced on one night.

“A new era of Coinbase is here.

I want us to be the #1 financial services app in the world. With our new releases like stock trading and prediction markets, our financial management tools that outperform traditional alternatives, and our crypto as a service offerings, we’re positioned to make this a reality.” - Brian Armstrong, CEO of Coinbase

Coinbase is clearly following the new “everything app” model that Robinhood and others are leaning into.

With this move, they are positioning themselves not just against crypto exchanges, but against brokerages, fintech apps, DeFi, perp DEXes, banks and prediction markets—all at once.

If it succeeds, Coinbase moves well beyond crypto and becomes a distribution layer for stocks, tokens, derivatives, and stablecoins.

Of all these products, I’m personally excited for the borrow feature, making it even easier for long-term holders to monetize their BTC and ETH positions.

The Base app launch will also be a very important one to track.

And their tokenized stock + equity perps trading will be very interesting as well.

They have a suite of enticing products now.

It’s clearer than ever—Coinbase wants to be the platform where everything trades.

A few Crypto and Web3 headlines that caught my eye:

Here’s a rundown of major token, protocol and airdrop news from the day:

Here is the list of other notable headlines from the day in NFTs:

More News

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• CT
• Coindesk
• Decrypt
• DLNews