Coinbase Buys Prediction Market Firm

Coinbases acquisition of The Clearing Company signals a strategic move to become a comprehensive trading hub for cryptos, stocks, and prediction markets. The San Francisco startup, led by Toni Gemayel, brings a skilled team and a clearinghouse license, bolstering Coinbases expansion into novel cryptocurrencies, perpetual futures, and stocks. With prediction markets booming and competitors racing to add similar features, Coinbase positions itself as a frontrunner in the trading landscape.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.