Coinbase To Acquire The Clearing Company In Prediction Markets Push
Coinbase is buying The Clearing Company as it expands into prediction markets and broadens its product lineup beyond crypto trading.
Coinbase has agreed to acquire The Clearing Company, an on-chain prediction markets startup that spans digital assets, politics, sports and culture, as it expands its push to become an “Everything Exchange” offering a broad range of investment products.
In an announcement shared with Cointelegraph, Coinbase said it has entered into a definitive agreement to acquire The Clearing Company, with the transaction expected to close in January. Financial terms of the deal were not disclosed.
The acquisition marks a rapid turnaround for The Clearing Company, which was founded earlier this year and counted Coinbase Ventures among its investors in a $15 million funding round alongside Union Square Ventures, Haun Ventures and several other venture firms and angel investors.
The Clearing Company is an on-chain prediction markets platform built by veterans of the cryptocurrency, prediction markets and cloud infrastructure sectors. It was founded by Toni Gemayel, who previously worked with prediction market platforms Polymarket and Kalshi. Its broader team brings experience from companies including Polymarket, 0x, Dune and Coinbase.
Coinbase unveiled the acquisition less than a week after announcing its entry into prediction markets as part of its broader “Everything Exchange” strategy in partnership with Kalshi.
At the same time, Coinbase said it will begin offering stock trading, further broadening its product lineup beyond digital assets.
Taken together, the acquisition highlights how event-based markets are moving closer to the regulated financial mainstream, with cryptocurrency infrastructure increasingly serving as the backbone for emerging market types.
“The Everything Exchange is a unified platform to trade crypto, equities, and everything else people want to trade,” Max Branzburg, Coinbase’s vice president of product management, told Cointelegraph. “Prediction markets are an important part of that platform.”
A Coinbase spokesperson added that markets tied to real-world outcomes represent “a natural extension of modern financial infrastructure.”
Source: CoinTelegraph
