<p>The Small Exchange is a CFTC-registered Designated Contract Market dedicated to making the futures market more accessible and understandable to a wider audience. The project simplifies complex and unwieldy futures contracts by offering products with smaller sizes, standard terms, and a simple structure, providing traders with a more manageable and efficient way to speculate and hedge risks.</p><p>The platform brings together financial market participants — clearing organizations, corporate clients, and market makers — to create a liquid and transparent trading ecosystem. Through universal contract parameters and reduced entry barriers, The Small Exchange aims to democratize the derivatives market and simplify the path for retail investors to use futures as a wealth management tool.</p>

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<p>October 16, 2025 - Kraken has acquired The Small Exchange to launch US derivatives trading platform.&nbsp;</p>
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The Small Exchange

The Small Exchange is a designated contract market registered with the U.S. CTFC. 

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%name%: Latest News, Social Media Updates and Insights

Kraken, a cryptocurrency platform, has acquired Small Exchange, an IG Group subsidiary, in a deal worth $100 million, its second big derivatives acquisition of the year. The acquisition provides Kraken with a CFTC-licensed designated contract market maker license, allowing regulated derivatives trading in the United States within the country. The

TheNewsCrypto

Kraken Expands US Derivatives Footprint with Small Exchanges Purchase

Kraken just signed a $100 million deal to buy IG Group’s Small Exchange, pulling the crypto giant deeper into the U.S. regulated futures market. The deal, announced Thursday by both companies, includes $32.5 million in cash and $67.5 million in stock from Kraken’s parent company Payward. This deal gives Kraken a Designated Contract Market (DCM) […]

CryptoPolitan

Kraken closes $100M for IG’s Small Exchange to enter US futures market

The Small Exchange

Latest The Small Exchange News and Social Media Feed

Kraken Expands US Derivatives Footprint with Small Exchanges Purchase

Kraken closes $100M for IG’s Small Exchange to enter US futures market