Crypto Goes to Wall Street, Wall Street Goes Crypto

Crypto and TradFi platforms are converging rapidly, and the convergence is happening in both directions. For retail traders, the important shift is that the distinction between a crypto account and a brokerage account is starting to disappear.

One of the best examples of a crypto platform becoming a multi-asset brokerage is Coinbase, which is moving beyond spot crypto into crypto derivatives, prediction markets, stablecoin payments, tokenised assets, equity-linked products and potentially single-stock perpetual futures.

London's trading industry is coming home!

Last week, the firm filed with the CFTC to offer perpetual futures on roughly 50-60 US stocks, including Apple, Microsoft, Tesla and Nvidia. If approved, this would be the first time perpetual futures were traded on a regulated US venue.

Coinbase’s Q2 2026 results show how far the diversification has gone: prediction market revenue more than doubled quarter-on-quarter, while average USDC balances on the platform reached $20 billion. Prediction market contracts grew 106%, and non-BTC spot trading now accounts for 88% of net revenue.

Coinbase Q2 Revenue Falls 14% as Prediction Markets Revenue Jumps 106%

Coinbase reported Q2 2026 total revenue of $1.22 billion, down 19% year over year and 14% quarter over quarter, while transaction revenue fell 21% to $599 million. The company recorded a net loss of $359… pic.twitter.com/83CHvnG72m

— Wu Blockchain (@WuBlockchain) July 30, 2026