Coinbase has agreed to acquire The Clearing Company, signaling a deeper move into event-based financial products.
The deal supports Coinbase’s broader goal of becoming an “everything exchange” that blends crypto, derivatives, equities, and real-world outcome trading.
Consequently, the acquisition strengthens Coinbase’s position as competition intensifies across digital finance platforms.
The agreement follows Coinbase’s recent rollout of prediction markets, which allow users to trade outcomes tied to elections, economic data, and sports.
These markets operate within the same interface as other Coinbase products.
Hence, the company aims to increase engagement by offering trading formats beyond traditional spot assets.
The transaction remains subject to standard closing conditions and should close in January.
The Clearing Company launched earlier this year under founder Toni Gemayel, who previously worked in growth roles across the sector.
The startup raised $15 million in seed funding during August, with participation from Coinbase Ventures.
Additionally, the firm focused on building a regulated, onchain prediction markets infrastructure.
Following the acquisition, nearly the entire Clearing Company team will join Coinbase.
The startup employed around ten people, and their expertise will help scale Coinbase’s prediction markets offering.
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