{"id":4921,"date":"2025-12-23T18:07:55","date_gmt":"2025-12-23T18:07:55","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=4921"},"modified":"2025-12-23T18:07:55","modified_gmt":"2025-12-23T18:07:55","slug":"coinbase-buys-the-clearing-company-to-power-its-everything-exchange-ambitions","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=4921","title":{"rendered":"Coinbase Buys The Clearing Company to Power Its \u201cEverything Exchange\u201d Ambitions"},"content":{"rendered":"

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  • Coinbase will acquire prediction market startup The Clearing Company in January to expand its trading options for real-world events.<\/span><\/li>\n
  • The acquisition includes nearly all of the startup\u2019s staff and its founder who previously held leadership roles at competitors Polymarket and Kalshi.<\/span><\/li>\n
  • This move supports Coinbase\u2019s strategy to become an everything exchange by integrating regulated on-chain prediction products alongside standard crypto trading.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Leading crypto exchange Coinbase said it will acquire The Clearing Company, a small startup focused on prediction markets, as it expands into trading tied to real-world events.\u00a0<\/p>\n

    The deal should close in January, subject to standard conditions.<\/p>\n

    Moreover, Coinbase said The Clearing Company\u2019s team will help expand Coinbase\u2019s prediction markets product. The startup had about 10 employees, and Coinbase said nearly all of them will join the company.<\/p>\n

    Coinbase did not disclose the price, calling it \u201cimmaterial,\u201d and said the deal will be paid with a mix of cash and Coinbase stock. The Clearing Company\u2019s founder said joining Coinbase will help bring prediction markets to more users.<\/p>\n

    Related:<\/strong> Hoskinson Breaks Ranks on Trump\u2019s Crypto Play: \u201cIt\u2019s the Third Rail\u201d<\/p>\n

    More Competition On The Prediction Market<\/h2>\n

    Prediction markets let users trade on outcomes like election results, economic data releases, or sports results. They\u2019re now one of the biggest sources for crowd\/market sentiment around several distinct events and situations, so much so that CNN recently partnered with Kalshi, Polymarket\u2019s biggest competitor, to bring real-time probabilities into its reporting.<\/p>\n

    Both Kalshi and Polymarket are looking at valuations north of US$10 billion (AU$15 billion), though Kalshi was recently hit with a class action lawsuit due to illegal sports betting and rigged market-making, as Crypto News Australia reported.<\/p>\n

    Coinbase started rolling out these markets on its platform last week, adding them alongside its crypto and other trading products as part of its \u201ceverything exchange\u201d plan.<\/p>\n

    The Clearing Company was founded earlier this year by Toni Gemayel, a former growth lead at Polymarket and Kalshi. The startup raised US$15 million (AU$22 million) in August and aimed to build a regulated, on-chain prediction markets platform.<\/p>\n

    Coinbase said its prediction markets launched through a regulated venue and used Kalshi as its initial source of liquidity, meaning Coinbase relied on Kalshi\u2019s market activity to help match trades. The firm said it plans to add more platforms and market types over time.<\/p>\n

    Read more:<\/strong> JPMorgan: Stablecoin Boom Tied to Crypto Reality, Not Trillion-Dollar Dreams<\/p>\n<\/p><\/div>\n

    Coinbase,Prediction Market#Coinbase #Buys #Clearing #Company #Power #Exchange #Ambitions1766513275<\/p>\n","protected":false},"excerpt":{"rendered":"

    Coinbase will acquire prediction market startup The Clearing Company in January to expand its trading options for real-world events. The acquisition includes nearly all of the startup\u2019s staff and its founder who previously held leadership roles at competitors Polymarket and Kalshi. This move supports Coinbase\u2019s strategy to become an everything exchange by integrating regulated on-chain<\/p>\n","protected":false},"author":1,"featured_media":4922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[90,85,86,84,87,89,88],"class_list":{"0":"post-4921","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-ambitions","9":"tag-buys","10":"tag-clearing","11":"tag-coinbase","12":"tag-company","13":"tag-exchange","14":"tag-power"},"yoast_head":"\nCoinbase Buys The Clearing Company to Power Its \u201cEverything Exchange\u201d Ambitions - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=4921\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase Buys The Clearing Company to Power Its \u201cEverything Exchange\u201d Ambitions\" \/>\n<meta property=\"og:description\" content=\"Coinbase will acquire prediction market startup The Clearing Company in January to expand its trading options for real-world events. 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