Coinbase launches stock trading, prediction markets, and wealth management. Just talked with a friend on Tuesday, and from a cost-performance perspective, Coinbase's value is becoming more apparent: 1. A few points we discussed: Robinhood ($HOOD) lowered its take rate fees, but Coinbase ($COIN) has already completed that move. Derivatives trading volume for Coinbase now accounts for half, and U.S. stocks are a complete incremental market for Coinbase, unlike Robinhood. Plus, Coinbase holds a significant revenue share from stablecoin USDC. 2. Coinbase's management team has recently shown a clear surge in aggressiveness, making moves left and right. Baldy (Brian Armstrong) is in a hurry, but the pace hasn’t gone off track. 3. Robinhood lacks stablecoins, while Coinbase lacks wealth management. With today’s new move from Coinbase, the gap in wealth management has also been filled. Does this count as predicting Baldy’s next move in advance?