According to a report, Coinbase is anticipated to unveil new products on Wednesday, a move that Mizuho suggests could lead to crypto "cannibalization." The report indicates that Coinbase's push into prediction markets carries potential risks for the broader cryptocurrency ecosystem. The analysis focuses on the possible impact of Coinbase's strategic expansion on the existing market dynamics. The development highlights the ongoing evolution of cryptocurrency exchanges and their diversification strategies within the digital asset space.

According to a report, Coinbase is anticipated to unveil new products on Wednesday, a move that Mizuho suggests could lead to crypto "cannibalization." The report indicates that Coinbase's push into prediction markets carries potential risks for the broader cryptocurrency ecosystem. The analysis focuses on the possible impact of Coinbase's strategic expansion on the existing market dynamics. The development highlights the ongoing evolution of cryptocurrency exchanges and their diversification strategies within the digital asset space.