Kraken parent Payward completes Bitnomial acquisition, unlocking US crypto derivatives offering
The Block
Payward, Kraken's parent company, has acquired Bitnomial to launch regulated crypto derivatives, including spot margin, perpetuals, and options, for U.S. clients.Summary
Payward, the parent company of Kraken, has finalized its acquisition of Bitnomial, a Chicago-based crypto-native exchange. This acquisition secures a full suite of U.S. derivatives licenses for Payward, including status as a Futures Commission Merchant, Designated Contract Market, and Derivatives Clearing Organization. The company plans to roll out CFTC-regulated spot margin, perpetuals, and options to eligible U.S. customers on Kraken and NinjaTrader. While financial terms were not finalized in this report, the deal was previously valued at up to $550 million. This strategic expansion supports Payward's broader goal of institutional growth as it prepares for a potential public listing.
(Source：The Block)