140 Companies Launch Open USD as Prediction Markets Lift Crypto Trading
Updated
Updated · Yahoo Finance · Aug 14
140 Companies Launch Open USD as Prediction Markets Lift Crypto Trading
3 articles · Updated · Yahoo Finance · Aug 14
Summary
Prediction markets have become a fast-growing crypto trading niche, giving investors yes-or-no contracts on token prices and crypto-related events even as major coins slump.
Robinhood and Coinbase both cited strong Q2 prediction-market revenue, with Robinhood saying that business topped its spot crypto trading revenue.
That shift suggests crypto activity is broadening beyond simple token buying and selling, as Coinbase pushes further into tokenized assets and financial derivatives.
Stablecoins are another bright spot: Tether and USDC now total about $250 billion in market value, helping explain why a 140-company consortium launched Open USD in June.
Treasury Secretary Scott Bessent sees stablecoins expanding into a $3 trillion market by 2030, underscoring why parts of crypto are still attracting new capital and products.