Coinbase shares surged by up to 4.6% this week following the companys unveiling of a new roadmap, which includes plans for equity trading, AI-powered tools, and expanded stablecoin infrastructure. The stock hit a high of $255.41 in early trading on Thursday, settling around $249.48 after the announcement on Wednesday. This strategic update, dubbed the System Update, signals a major expansion for Coinbase beyond its traditional cryptocurrency offerings, with analysts highlighting the introduction of US equity trading and perpetual equity futures for international users as key developments. These moves suggest Coinbase is actively reshaping its core business to attract a wider range of users and financial activities, potentially increasing its total addressable market. The companys ambition to become an Everything Exchange and integrate traditional finance with on-chain functionality through tokenization and improved developer tools is seen as crucial steps toward deepening liquidity and diversifying revenue streams in the long run.

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