Coinbase Expands Its Platform With Prediction Markets Acquisition

Coinbase has taken another step toward becoming a full-scale financial marketplace by agreeing to acquire The Clearing Company. 

The move strengthens Coinbase’s push into event-based trading. It also supports its bigger goal of building an all-in-one exchange where users can find many financial products in one place.

Coinbase Strengthens its Everything Exchange Vision

The acquisition follows Coinbase’s recent rollout of prediction markets on its platform. These markets allow users to trade on real-world outcomes. These include elections, economic indicators, and sports events. 

Users can already access crypto, derivatives, and equities features through the same interface on the trading platform. Now, prediction markets add another layer of engagement.

As announced, Coinbase expects the transaction to close in January, subject to standard closing conditions. The company described the deal size as immaterial and confirmed that it includes a mix of cash and Coinbase stock.

Toni Gemayel founded The Clearing Company earlier this year after serving as head of growth at Polymarket and Kalshi. The startup focused on building a regulated, onchain prediction markets platform. 

In August, it raised a $15 million seed round from several investors, including Coinbase Ventures. The company employed around 10 people. After the Coinbase acquisition, nearly the entire team will join the exchange’s and support the expansion of its prediction markets offering.

Coinbase Grows Event-Based Trading Through Latest Deal

By bringing the Clearing Company’s team in-house, Coinbase plans to accelerate the development and scaling of its event-based trading products. 

The exchange recently launched prediction markets through a regulated venue and sourced initial liquidity from Kalshi. Over time, Coinbase plans to grow the service by adding more platforms and offering more types of markets. 

By buying the Clearing Company, Coinbase combines strong experience in prediction markets with its global reach and large user base. This helps the company bring event-based trading to more people.

The deal is Coinbase’s 10th acquisition in 2025. Earlier this year, it acquired Liquifi, Roam, Spindl, Iron Fish, Deribit, Opyn Markets, Sensible, Echo, and Vector.fun.

Together, these deals show Coinbase’s clear plan to expand its trading tools, infrastructure, and onchain financial services.

Growing Interest in Prediction Markets

Prediction markets are becoming more popular in the crypto and fintech world as more companies are entering the space. These platforms attract users by letting them trade based on real-world events and outcomes.

In November, the two largest prediction market platforms, Polymarket and Kalshi recorded strong growth, with combined trading volumes reaching about $8 billion.

As more financial activity moves onchain, Coinbase’s latest acquisition strengthens its role in the digital finance market. It also helps bring prediction markets closer to everyday use.