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.
