Coinbase announced on Dec. 22 that it has agreed to acquire The Clearing Company as part of a push to scale regulated, onchain prediction markets. The move brings a team experienced in event-based trading into Coinbase’s product organization and is described as advancing the exchange’s multi-asset strategy. The Clearing Company is led by founder Toni Gemayel, whose group will work on technical development and market depth. Together, Coinbase says this acquisition supports its vision of a single platform for trading multiple asset classes.
Coinbase Acquires The Clearing Company
The agreement, announced Dec. 22, adds The Clearing Company’s prediction-market specialists to Coinbase’s staff. The startup’s focus is prediction markets and it is led by founder Toni Gemayel, who brings event-contract expertise to the combined team. Coinbase framed the hire as strengthening its capability to build regulated, onchain event trading within its existing product set.
Strategic Importance of the Acquisition
Coinbase says the transaction builds on its recent rollout of prediction markets and is intended to strengthen a regulated, onchain prediction markets strategy. The company positions prediction markets as a component that can sit alongside crypto, equities, and derivatives within a single trading interface. This acquisition is presented as a way to combine regulated market access with specialist knowledge to scale that offering over time.
Statements from Coinbase Leadership
Coinbase CEO Brian Armstrong commented on the acquisition via the social platform X, noting: "Last week: prediction markets launch on Coinbase. This week: we bring in the team that helped make prediction markets what they are today. Just getting started." The company also reiterated its Everything Exchange concept, describing prediction markets as a natural fit for a unified place to trade multiple asset classes.
Future Plans and Market Impact
Coinbase plans to integrate prediction markets into the same interface used for other asset classes and to expand the product as the combined teams develop the offering. The exchange frames the deal as strengthening onchain infrastructure and the regulatory positioning needed to scale event-based trading. While the company highlights integration and product expansion, it presents this transaction mainly as a capability and talent build rather than an immediate change to existing trading services.
Why this matters
For a miner operating between one and a thousand devices in Russia, this acquisition is primarily relevant on the trading side, not the mining side. The change affects how prediction markets are developed and offered on Coinbase rather than hardware, electricity costs, or mining protocols. If you use Coinbase for trading, it means a broader set of event-based contracts could be offered within the same interface you already use for crypto and other assets.
What to do?
If you mine and also use Coinbase or similar platforms, consider a few straightforward steps to stay prepared as prediction markets expand.
- Follow official Coinbase product announcements so you learn what prediction contracts and access rules are added to the platform.
- Keep your trading and custody practices up to date: review how new market types appear in your account interface and how they interact with existing holdings.
- Maintain operational focus on mining: your hardware, power setup, and local compliance remain unchanged by this deal, so prioritize those aspects for uptime and profitability.
FAQ
What company is Coinbase acquiring to expand prediction markets? Coinbase is acquiring The Clearing Company to strengthen its onchain prediction markets capabilities and add a team experienced in event-based trading.
Why are prediction markets important to Coinbase? Prediction markets are part of Coinbase’s plan to build a unified multi-asset platform, where event-based contracts can be traded alongside crypto, equities, and derivatives in the same interface.
Who leads The Clearing Company team joining Coinbase? The Clearing Company’s team is led by founder Toni Gemayel, who has expertise in event-based and prediction-market trading.
How will users access prediction markets on Coinbase? Coinbase has made prediction markets available within the same interface used for other assets, and the acquisition is intended to support the product’s technical and regulatory development as it scales.
