The digital assets firm has stated that the acquisition will assist Coinbase in becoming the ‘everything exchange’.
US cryptocurrency company Coinbase has announced it will be further expanding into the predictions market space with the acquisition of The Clearing Company. The deal follows the recent roll-out of predictions market trading on Coinbase’s platform, and the company aims to further develop this offering with the acquisition.
Founded by Toni Gemayel, who also worked with prediction platforms Kalshi and Polymarket, The Clearing Company is known for using digital ledger technology to clear and settle trades in stablecoins, allowing for instant settlement. In acquiring the company, Coinbase aims to accelerate its roadmap towards becoming the “everything exchange”.
According to a statement from Coinbase, “users will be able to trade on the outcomes of real-world events directly within the same interface where they trade crypto, derivatives and equities” and in acquiring The Clearing Company, Coinbase is adding “the specialised talent needed to take this category further”.
The statement added: “The everything exchange will be the unified place where people can trade every asset class. Prediction markets are a natural fit for this vision. Bringing together regulated market access and deep event-contract expertise sets us up to expand over time, and we’re excited to work with The Clearing Co team to build this next chapter at Coinbase.”
Wider financial details have not been shared, however, the deal is expected to go through in January of 2026 and will be subject to a range of closing conditions.
In early November, Coinbase Europe, which is a subsidiary of Coinbase Global, was fined nearly €21.5m by the Central Bank of Ireland for breaching its obligations to monitor money laundering and terrorist financing, with the instances occurring between 2021 and 2025.
The Central Bank of Ireland stated that Coinbase Europe failed to monitor nearly 30.5m transactions, with the the value of these transactions amounted to more than €176bn. Also, the cryptocurrency exchange took nearly three years to complete its monitoring of the impacted transactions, filing roughly 2,700 reports with the authorities long after they had occurred.
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