Coinbase announces acquisition of prediction market company The Clearing Company

According to Mars Finance, Coinbase announced on its official blog that it has reached an agreement to acquire The Clearing Company, a startup focused on prediction markets, to accelerate the development of its prediction market business as part of its vision of becoming an "all-encompassing exchange." This 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 opening 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.