Kraken Parent Payward Agrees to Acquire Bitnomial for $550 Million
BeInCrypto
Payward, Kraken's parent company, has agreed to acquire Chicago-based crypto derivatives exchange Bitnomial for up to $550 million.Summary
Payward, the parent company of the cryptocurrency exchange Kraken, has announced an agreement to acquire Bitnomial for up to $550 million in cash and stock. Expected to close by the first half of 2026, the deal provides Kraken with a fully CFTC-regulated derivatives stack, including a designated contract market, a clearing organization, and a futures commission merchant. This acquisition allows Kraken to expand its US market capabilities, specifically in regulated perpetual futures and physically settled Bitcoin options. The move follows a trend of industry consolidation, where firms are prioritizing regulatory licenses and clearing infrastructure to gain a competitive edge in the institutional crypto derivatives sector.
(Source：BeInCrypto)