Coinbase Global COIN is rapidly evolving from a cryptocurrency exchange into a full-stack global financial marketplace—an “everything exchange” that spans crypto, equities, derivatives, payments, and AI-native financial infrastructure. Recent product launches highlight its ambition to become the default onchain brokerage layer for the Internet economy.

A key milestone in this regard is the introduction of 1:1 backed tokenized U.S. equities for non-U.S. investors. These assets enable 24/7 trading, fractional ownership, near-instant settlement, and dividend participation, effectively bringing traditional capital markets onto blockchain rails. This significantly expands Coinbase’s addressable market beyond crypto into global…