Kraken’s Parent Company to Acquire Bitnomial for $550 Million
- Payward, Kraken’s parent company, is set to acquire Bitnomial for up to $550 million in cash and stock.
- The acquisition values Bitnomial at $20 billion, marking a significant expansion in the U.S. derivatives market.
- Bitnomial is the first crypto-native platform to secure all three licenses needed for a full-stack derivatives business in the U.S.
- The deal is expected to close in the first half of 2026, pending regulatory approvals.
- This acquisition allows Payward to enhance its infrastructure and expand its offerings in regulated U.S. derivatives.
The acquisition reflects a trend of consolidation within the cryptocurrency sector as firms seek to strengthen their capabilities amid regulatory scrutiny and market volatility. Kraken aims to leverage this deal to build a broader multi-asset trading platform integrating both crypto and traditional markets.
With this acquisition of Bitnomial, valued at $20 billion, Payward enhances its position in the derivatives market while streamlining its regulatory framework for future growth.(Source)
