Coinbase: System Update Targets Everything Exchange

Coinbase positions itself as the primary financial hub with a sweeping System Update that includes stock and crypto options trading, pre-IPO perpetual futures on names like Anthropic and OpenAI, thematic index perps, tokenized U.S. stocks, an AI-powered investment advisor, upgraded prediction markets and unified global liquidity. The moves directly support Coinbase everything exchange ambitions while pre-IPO perpetual futures trading and tokenized assets expand access beyond spot crypto. Robinhood shares the same generational role as the new-era Schwab and Fidelity, giving retail investors one account for investing, spending, borrowing and earning.