Payward acquires Bitnomial for $550 million to enhance U.S. crypto derivatives market
Here's what it means for you.
This acquisition positions Kraken to significantly influence the U.S. cryptocurrency landscape.
What happened
Payward completed its acquisition of Bitnomial, securing a full CFTC-regulated derivatives stack.
The Context
- The acquisition allows Kraken to launch regulated crypto derivatives in the U.S.
- This move may positively impact long-term Bitcoin market sentiment.
- The deal represents a significant investment in the U.S. cryptocurrency infrastructure.
Takeaway
The acquisition positions Kraken to play a pivotal role in the evolving landscape of U.S. crypto derivatives.
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"CoinDesk is a well-established cryptocurrency and blockchain news provider, offering comprehensive insights, market data, and industry research."
— A47 Editor
Kraken parent Payward closes $550 million Bitnomial deal, securing full CFTC derivatives stack
Payward, the parent company of Kraken, has finalized a $550 million acquisition of Bitnomial, a fully licensed U.S. crypto derivatives firm, securing a complete CFTC-regulated derivatives stack. This strategic move enhances Payward's operational capa...
Research, news, and analysis on blockchain startups, DeFi, and regulations.
"Crypto Briefing provides research, news, and analysis on blockchain startups, DeFi, and crypto regulations with investor-focused coverage."
— A47 Editor
Kraken boosts US crypto derivatives with Bitnomial acquisition
Kraken has acquired Bitnomial, a fully licensed U.S. crypto derivatives firm, for up to $550 million, a move expected to enhance the company's capabilities in the U.S. derivatives market. This acquisition secures all necessary licenses from the Commo...
Real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors.
"Crypto News delivers real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors."
— A47 Editor
Kraken unlocks full U.S. derivatives play after Bitnomial buy
Payward has completed its acquisition of Bitnomial, a fully licensed U.S. crypto derivatives firm, for up to $550 million in cash and stock, allowing Kraken to launch a regulated crypto derivatives platform in the U.S. This acquisition secures all th...