Kraken Parent Payward to Buy Bitnomial in $550M U.S. Derivatives Push
Share:
Payward (Kraken parent) agreed to acquire Bitnomial for up to $550 million in cash and stock, and the transaction implies a Payward equity valuation of $20 billion. Bitnomial is the first crypto-native U.S. firm to hold all three key CFTC licenses, giving Kraken a fully CFTC-licensed derivatives foundation and enabling spot margin, perpetuals, and options on the CEX under CFTC regulation, a major regulated derivatives adoption and fundraising milestone in crypto.
Predictions Markets
See what traders are focused on
- Payward agreed to acquire Bitnomial for up to $550 million in cash and stock.
- Bitnomial is the first crypto-native U.S. firm to hold all three key CFTC licenses for a full-stack derivatives business.
- The deal will bring spot margin, perpetuals, and options to Kraken under CFTC regulation.
Payward, the parent company of Kraken, has agreed to acquire Bitnomial in a deal worth up to $550 million in cash and stock, giving the exchange group a fully CFTC-licensed foundation for U.S. crypto derivatives. Kraken announced the move on X, saying spot margin, perpetuals, and options are coming to the platform under CFTC regulation.
The company said Bitnomial is the first fully CFTC-licensed derivatives firm in the United States built specifically for digital assets. Payward added that the transaction values its own equity at $20 billion and is expected to close in the first h…
Read The Full Article Kraken Parent Payward to Buy Bitnomial in $550M U.S. Derivatives Push On Coin Edition.
Read More
Bitcoin is nearing a power law support line Fidelity has tracked since 2015
