[ccpw id="5"]

Home.forex news reportCoinbase CEO Brian Armstrong Was Asked Whether COIN Plans To Launch Its...

Coinbase CEO Brian Armstrong Was Asked Whether COIN Plans To Launch Its Own Prediction Market Business—Here’s What He Said

-


Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said Thursday that the company has the ability to launch its own prediction market business, beyond serving as a retail distributor for platforms like Kalshi.

During the company’s earnings call for the fourth quarter of 2025, Armstrong was asked whether the cryptocurrency giant has plans to build its own prediction market venue.

“It’s not an exclusive arrangement,” he said, referring to the partnership with Kalshi. “We also have the ability to launch our own markets. Nothing to announce on that at the moment. But, you know, we’re keeping all options open.”

Don’t Miss:

Coinbase rolled out the prediction market service in all 50 states last month, just in time for Super Bowl LX.

Kalshi CEO Tarek Mansour revealed earlier this week that Super Bowl LX volume surged 2,700% year-over-year, with over $1 billion wagered on the game.

“So it’s early days, but so far the interest has been great. Super Bowl weekend was a really great moment where a lot of customers got to experience it for the first time,” Armstrong said.

Coinbase also aired a karaoke-style advertisement during Super Bowl LX. However, the idea failed to connect with viewers, trending as the lowest-rated advertisement the morning after the marquee sporting event.

Trending: Most Retirement Plans Ignore Taxes — See If Yours Does

Coinbase’s fourth-quarter revenue came in at $1.78 billion, below analyst forecasts, though EPS of $0.66 exceeded expectations. For the full fiscal year, Coinbase saw total revenue of $7.2 billion, up 9% year-over-year.

In other news, Coinbase encountered brief downtime, preventing users from trading. The Coinbase Support team later confirmed the issue was fixed.

Photo courtesy: Shutterstock

Read Next: 

Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Ross Gerber Slams Trump And Melania Memecoin Hype For Spooking Crypto Investors: ‘Money Doesn’t Come Back’

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Ross Gerber,...

Chipotle Must Prove Growth Still Creates Shareholder Value

After years of consistent expansion, Chipotle Mexican Grill (NYSE: CMG) no longer needs to prove it can grow. That part is...

FSTA Offers Lower Fees While RSPS Pays Higher Dividends

The Fidelity MSCI Consumer Staples Index ETF (NYSEMKT:FSTA) and Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEMKT:RSPS) differ most in...

Crypto Prices Are Tumbling Across the Board. Here’s How I’d Put $1,000 to Work Today.

The Feb. 5 crypto sell-off was ugly, and the market hasn't exactly snapped back with confidence. On that day, the crypto...

Follow us

0FansLike
0FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img