Kraken Parent Payward Closes Bitnomial Deal To Expand US Crypto Derivatives

Payward, the parent company of Kraken, announced it has completed its acquisition of crypto derivatives venue Bitnomial, giving it control of a fully CFTC-regulated derivatives stack in the United States.

The acquisition gives Payward a Futures Commission Merchant, Designated Contract Market and Derivatives Clearing Organization, infrastructure it plans to use to expand CFTC-regulated products across Kraken and NinjaTrader, starting with spot margin, with perpetuals and options expected to follow.

Payward said Bitnomial will continue operating within its existing regulatory structure, with the deal enabling partners, including fintechs, banks and brokerages, to access US-regulated derivatives through the company’s infrastructure platform.

According to Payward’s initial announcement, Bitnomial is the first crypto-native company in the US to hold licenses for exchange, clearing and brokerage functions under the CFTC.

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