Payward, the parent company of Kraken, has completed its acquisition of Bitnomial, unlocking a fully CFTC-regulated derivatives stack in the United States. The deal gives Payward a complete onshore infrastructure for crypto derivatives, anchored by Bitnomial’s licenses for exchange, clearing, and brokerage services.

With the closing, Payward now controls a Futures Commission Merchant, a Designated Contract Market, and a Derivatives Clearing Organization. The plan is to leverage this stack to roll out CFTC-regulated products across Kraken and NinjaTrader, beginning with spot margin trading and followed by perpetual futures and options offerings.

Bitnomial will operate under its existing regulatory framework, but the acquisition…