Payward to Acquire Bitnomial for $550M, Boosting U.S. Derivatives Platform
- Payward, parent of Kraken, announced a $550 million acquisition deal with Bitnomial.
- Bitnomial is the first crypto-native exchange in the U.S. to hold all three CFTC-issued licenses for a full-stack crypto trading and derivatives business.
- The acquisition will enable Kraken to offer CFTC-regulated spot margin, perpetuals, and options in the U.S.
- The deal values Payward’s equity at $20 billion and is expected to close in the first half of 2026.
Payward’s acquisition of Bitnomial marks a significant step in expanding its regulated crypto derivatives infrastructure in the United States, enhancing its market position with a fully licensed platform built for digital assets.
This strategic move will allow Kraken to broaden its product offerings under CFTC regulation, leveraging Bitnomial’s established regulatory framework to enhance its U.S. market reach and capabilities. (Source)
