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Coinbase Global (COIN) Will Acquire Derivatives Clearinghouse, The Clearing Company, Reports Bloomberg

Coinbase Global, Inc. (NASDAQ:COIN) is one of the High Growth Large Cap Stocks to Buy Right Now. On December 22, Bloomberg noted that the company will acquire a derivatives clearinghouse, The Clearing Company. This will be for boosting its entry into the growing prediction markets business. The acquisition is expected to help Coinbase Global, Inc. (NASDAQ:COIN) expand its ambitions to become the Everything Exchange.

Bloomberg further noted that the announcement comes days after the company started rolling out prediction markets and equities trading. The Clearing Company is known for utilising digital ledger technology to clear as well as settle trades in stablecoins, which can enable instant settlement, added Bloomberg.

In a different update, on December 17, Cantor Fitzgerald reduced the price target on the company’s stock to $320 from $459, while keeping an “Overweight” rating. As per the analyst, Coinbase Global, Inc. (NASDAQ:COIN)’s “System Update” event demonstrated the evolution towards an “Everything Exchange,” which includes new equities trading and prediction markets, hinting at a transition beyond the cyclical crypto trading.

The firm stated that, while product announcements remain positive, the near-term revenue and profitability estimates were reduced because of the decline in crypto sentiment. Notably, the 2026 consensus volume expectations of 14% might be overly optimistic if the crypto winter takes place.

Coinbase Global, Inc. (NASDAQ:COIN) operates a platform for crypto assets.

While we acknowledge the potential of COIN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COIN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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