Payward Acquires Bitnomial for $550 Million, Gaining Comprehensive CFTC-Regulated Derivatives Capabilities
Payward, the parent company of the cryptocurrency exchange Kraken, has finalized the acquisition of Bitnomial, thereby securing a comprehensive U.S. derivatives stack regulated by the Commodity Futures Trading Commission (CFTC). This acquisition grants Payward control over Bitnomial's licenses for futures brokerage, exchange, and clearinghouse, enabling the company to offer regulated cryptocurren…