Kraken Parent Moves To Acquire Bitnomial In $20B Power Play

Payward, the parent company behind Kraken, has announced a definitive agreement to acquire Bitnomial, a US-regulated crypto derivatives exchange, in a deal valued at $20 billion.

The acquisition is driven primarily by Bitnomial’s unique regulatory standing, as it holds exchange, clearinghouse, and brokerage licenses from the Commodity Futures Trading Commission.

This positions Bitnomial as a rare fully compliant crypto-native derivatives platform in the United States.

By acquiring it, Payward aims to significantly expand its presence in institutional-grade trading and derivatives markets. The move also underscores the growing importance of regulatory compliance in scaling crypto operations.

If completed, the acquisition could strengthen Kraken’s competitiveness and enable broader access to advanced financial products within the US market.

Source: X.com

You need to login in order to Like