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Stock impact report

Coinbase Agrees to Acquire The Clearing Company to Expand Prediction Markets Push [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
The deal follows Coinbase's recent rollout of prediction markets trading for users and shows a commitment to regulated on-chain event-based markets. Last week, Coinbase said it began rolling out access to prediction markets directly on its platform, allowing users to trade on the outcomes of real-world events within the same interface used for crypto, derivatives, and equities trading. The company said the launch marked an important step in broadening the range of asset classes available to its global user base through a regulated venue and familiar trading experience. Prediction markets allow participants to express views on events spanning elections, macroeconomic indicators, sports, and culture by trading outcome-based contracts. Coinbase said it sees strong demand for this category and believes integrating prediction markets alongside existing products could expand user engagement. By acquiring The Clearing Company, Coinbase gains a team with deep experience in building Show less Read more
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