Coinbase announces acquisition of prediction market company The Clearing Company

PANews reported on January 19th that Coinbase announced an agreement to acquire The Clearing Company, a startup focused on prediction markets, to accelerate its prediction market business development as part of its vision of becoming an "all-encompassing exchange." The acquisition aims to leverage The Clearing Company team's expertise in prediction markets to expand and strengthen the scale of prediction market trading on the Coinbase platform. The company began offering prediction market trading to users last week, allowing them to trade the outcomes of real-world events within a familiar interface. Coinbase stated that this acquisition, combining professional talent and compliant market access, will lay the foundation for long-term expansion in this field.