Payward Acquires Bitnomial in $550M Deal, Expanding US Crypto Derivatives

Payward, the parent company of Kraken, has made significant strides in expanding its offerings in the U.S. market with the completion of its acquisition of Bitnomial for up to $550 million.

The deal marks a major milestone for Payward as it secures key Commodity Futures Trading Commission licenses. This enables the company to offer a full regulated derivatives stack in the U.S., including plans for 24/7 crypto settlement and spot margin trading.

These features are expected to bring more compliant options to U.S. investors, catering to their growing demand for cryptocurrency derivatives. The deal's successful completion paves the way for further expansion of Payward's services in the region.