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Bitwise CIO says crypto and finance lines to blur as Coinbase strategy draws attention

Coinbase has unveiled an “Everything Exchange” plan spanning stocks, options, prediction markets and AI-driven trade execution, prompting Bitwise to say the boundary between crypto and traditional finance is starting to disappear. Bitwise CIO Matt Hougan said if Coinbase’s future revenue comes mainly from non-spot activities such as stock trading, perpetual futures and options, it may no longer be seen as a pure crypto company. Coinbase also outlined tokenised stock trading outside the United States starting next month and AI tools for automated portfolio strategies.