Coinbase expands beyond cryptocurrency into stocks and AI financial services

Coinbase CEO Brian Armstrong has announced plans to move the company well beyond cryptocurrency trading. Coinbase, founded in 2012 as a crypto exchange, now earns only 12% of its revenue from Bitcoin trading. Armstrong wants to offer tokenized stocks, which are digital versions of company shares recorded on a blockchain. He believes all companies will eventually use blockchain to manage their shares. Newer companies will start issuing stock this way within two years. Coinbase has also launched an AI investment advisor that is officially registered with the SEC. Users can now trade stocks, commodities, and other financial products in one account. Armstrong has also met with President Trump and White House officials to discuss clearer rules for digital assets.