Payward Closes Bitnomial Acquisition, Eyes Regulated US Crypto Derivatives
Cointelegraph
Kraken parent company Payward has acquired Bitnomial, securing CFTC-regulated infrastructure to expand crypto derivatives offerings within the United States.Summary
Payward, the parent company of Kraken, has finalized its acquisition of Bitnomial, a crypto derivatives venue. This strategic move grants Payward access to a comprehensive, CFTC-regulated infrastructure, including a Futures Commission Merchant, a Designated Contract Market, and a Derivatives Clearing Organization. By leveraging these licenses, Payward intends to offer a broader suite of regulated products, such as spot margin, perpetuals, and options, to its US customers. Bitnomial will continue its operations under its existing regulatory framework, providing partners with access to compliant US derivatives trading.
(Source：Cointelegraph)