Payward has completed its acquisition of Bitnomial, giving Kraken a regulated pathway to launch crypto derivatives in the U.S.
Summary
- Payward has completed its Bitnomial acquisition, securing all three CFTC licenses needed to run a U.S. crypto derivatives business.
- Kraken will begin with spot margin trading, with perpetuals and options set to follow, co CEO Arjun Sethi said.
- The deal, previously valued at up to $550 million, gives Payward a regulated route to offer derivatives through Kraken and NinjaTrader.
According to a company statement released Friday, the deal hands Payward control of a full set of Commodity Futures Trading Commission licenses, including a…
