News Explorer -- Crypto Exchange Kraken's Parent Agrees to $550 Million Bitnomial Acqusition

Crypto Exchange Kraken's Parent Agrees to $550 Million Bitnomial Acqusition

Payward, the parent company of Kraken, is set to acquire Bitnomial for up to $550 million in cash and stock. Bitnomial's regulatory infrastructure, as the first fully CFTC-licensed derivatives company in the U.S., will enhance Payward's B2B platform with crypto trading and derivatives capabilities.