Kraken parent Payward closes $550 million Bitnomial deal, securing full CFTC derivatives stack
Payward completed its $550 million acquisition of Bitnomial, securing a full CFTC-regulated derivatives stack for U.S. operations. The deal grants Kraken futures broker, exchange, and clearinghouse licenses, eliminating reliance on third-party venues. Spot margin trading launches first on Kraken and NinjaTrader, with perpetuals and options following. This positions Payward competitively as U.S. crypto firms race to bring derivatives onshore.
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