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Kraken parent Payward agrees to acquire Bitnomial for up to $550 million

· The Block

Kraken parent Payward agrees to acquire Bitnomial for up to $550 million

Payward, the parent company of Kraken, has agreed to acquire Bitnomial for up to $550 million. This acquisition secures a fully CFTC-licensed U.S. crypto derivatives venue, enhancing Kraken's position in the derivatives market. The deal underscores the ongoing consolidation in the crypto industry as firms seek to expand their regulatory compliance and service offerings.

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Kraken parent Payward agrees to acquire Bitnomial for up to $550 million — Chainshorts | Chainshorts