Kraken Owner Payward to Acquire Bitnomial for $550M, Securing Full CFTC-Licensed U.S. Crypto Derivatives Stack
Bitcoin Magazine
Payward, the owner of Kraken, is acquiring Bitnomial for $550 million to obtain a fully licensed U.S. crypto derivatives infrastructure.Summary
Payward, parent company of Kraken, has announced a $550 million deal to acquire Bitnomial. This acquisition provides Payward with a fully CFTC-licensed crypto derivatives stack, including a designated contract market, a derivatives clearing organization, and a futures commission merchant. By integrating Bitnomial’s purpose-built infrastructure, Payward aims to significantly enhance its U.S. derivatives offerings for both retail and institutional clients, building upon its previous acquisition of NinjaTrader.
(Source：Bitcoin Magazine)