"Payward announced it has entered into a definitive agreement to acquire Bitnomial, the first fully CFTC-licensed derivatives company in the United States built for digital assets, for up to $550 million payable in cash and stock."
"The combination joins that licensed infrastructure with its global client base, liquidity, and distribution across Kraken, NinjaTrader, and the wider trading network."
Payward, the parent company of Kraken, is acquiring Bitnomial for up to $550 million to strengthen its U.S. crypto derivatives offerings. This acquisition will provide Kraken with a fully licensed platform, enhancing its regulatory compliance and market infrastructure. Bitnomial is the first CFTC-licensed derivatives company in the U.S. for digital assets, allowing Kraken to expand its product lineup, including CFTC-regulated spot margin, perpetuals, and options. The deal positions Kraken to better meet growing market demand for regulated crypto derivatives.
Read at news.bitcoin.com
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