Coinbase announced “System Update” on June 16 as it redesigned Advanced Trading and expanded its push toward an “Everything Exchange” model.
The update moves the platform beyond crypto by adding access to stocks, ETFs, options, tokenized assets, prediction markets, derivatives, and AI-assisted investing.
The company said the redesign includes an SEC-regulated AI investment advisor, unified global liquidity pools, and a wider product suite across crypto and traditional finance. The move builds on Coinbase’s July 2025 roadmap, which later added stock trading, prediction markets, and integrated decentralized trading across dozens of countries.
Coinbase expands Everything Exchange model
The new lineup includes stock and crypto options, pre-IPO perpetual futures, thematic index perpetual contracts, and tokenized stocks. Thematic contracts will cover sectors such as AI and defense.
Coinbase confirmed that crypto derivatives trading is returning for American users. Stock trading and prediction markets began rolling out in December 2025. Commission-free U.S. stock and ETF trading opened to eligible customers in February 2026, while integrated decentralized trading expanded to users in 84 countries in March 2026.
The unified account is designed to let users trade crypto assets, nearly 10,000 stocks and ETFs, prediction markets, perpetual futures, and tokenized assets from one platform. Frank Chaparro described the announcement as a sweeping Coinbase push and noted planned pre-IPO perpetual futures for Anthropic and OpenAI.
Unified liquidity targets order books
A key part of the update is Coinbase’s plan to connect liquidity across its U.S. and international venues. According to Odaily, the liquidity unification applies to spot crypto and derivatives markets.
The company aims to deepen order books, improve execution, and create a more consistent trading experience across platforms. Coinbase said the shared infrastructure will also support cross-margining between perpetual futures and spot positions.
That structure would allow users to manage collateral across products more efficiently. Coinbase also highlighted stock perpetual futures, which will trade 24/7 with leverage of up to 10x on individual stocks and 20x on ETF perpetual futures. Settlement will be handled in the USDC through Crypto Rails.
USDC supports retail trading strategy
The update expands Coinbase’s retail strategy through Coinbase One, rewards, and USDC-linked products. Coinbase One Card members will be able to stake between 500 and 5,000 USDC to qualify for the card and receive 5% Bitcoin back on purchases through a Travel Portal built with Booking.com, according to Odaily.
Coinbase One subscribers can also earn a 3.5% annual return on USDC held as collateral or while waiting for limit orders to execute.
The stock and ETF trading service uses a zero-commission model for eligible U.S. users. Customers can buy fractional shares from $1 and trade equities besides crypto holdings. Coinbase said access will roll out gradually, depending on jurisdiction, approvals, and eligibility.
