Robo-advisers, custom stablecoins: 8 things Coinbase is cooking up
Summary
At its System Update conference, Coinbase unveiled exciting new offerings, including prediction markets, robo-advisers, and custom stablecoins, signaling a significant expansion in its services and enhancing its position in the cryptocurrency market.
Key Insights
What are robo-advisers in the context of Coinbase's announcements?
Robo-advisers are AI-powered wealth management tools that provide automated investment advice and portfolio management, such as Coinbase's newly unveiled Coinbase Advisor, aimed at simplifying crypto and financial asset management for users.
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What are custom stablecoins as mentioned in Coinbase's System Update?
Custom stablecoins refer to user-tailored stablecoins pegged to specific assets or values for stability in transactions, part of Coinbase's expansion into advanced crypto services alongside prediction markets and other innovations unveiled at the event.
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[1]