News Explorer -- Kraken Parent Firm Acquires Bitnomial in $550M Deal

Kraken Parent Firm Acquires Bitnomial in $550M Deal

Payward, Kraken's parent company, is set to acquire derivatives exchange Bitnomial for up to $550 million in cash and stock, enhancing its U.S. footprint with the first crypto-native platform holding all necessary licenses for derivatives trading. This move streamlines regulatory processes and strengthens Kraken's multi-asset trading capabilities.