US Edition
Kraken Parent, Payward Strikes $550M Deal For Bitnomial, Expanding US Derivatives Reach
The cash-and-stock deal adds Bitnomial’s regulated derivatives infrastructure and could let Payward offer spot margin, perpetual futures and options under CFTC oversight.
- Payward agreed to acquire Bitnomial for up to $550 million in a cash-and-stock transaction, bolstering its regulated U.S. derivatives infrastructure, the parent company of Kraken announced.
- Bitnomial provides crypto-native settlement and 24/7 trading capabilities that Payward Co-CEO Arjun Sethi called essential for next-generation U.S. derivatives infrastructure. The platform spent a decade building regulated clearing systems.
- The acquisition integrates Bitnomial's regulated stack into Payward Services, enabling banks, fintechs, and brokerages to access U.S. derivatives through a single API integration. Initial offerings include spot margin, perpetuals, and options.
- Covering 100% of Bitnomial's equity, the transaction is expected to close in the first half of 2026, pending customary conditions and regulatory filings. Payward will file required CFTC notices as part of closing.
- This purchase effectively shortcuts years of regulatory buildout for Payward as it expands its U.S. footprint and scales services ahead of its planned initial public offering. The deal positions the firm as a regulated derivatives leader.
21 Articles
21 Articles
Kraken buys Bitnomial for $550 million in cash and shares, a move that places San Francisco's exchange on the board of regulated derivatives in the United States. The operation, executed through Payward's Kraken matrix, marks a before and after in the group's strategy to compete with Coinbase and the traditional crypto future giants. Payward disbursed $550M for an operational CFTC license The agreement announced on April 17, 2026, makes Kraken o…
Kraken Parent Payward to Buy Bitnomial in $550M U.S. Derivatives Push
Payward agreed to acquire Bitnomial for up to $550 million in cash and stock. Bitnomial is the first crypto-native U.S. firm to hold all three key CFTC licenses for a full-stack derivatives business. The deal will bring spot margin, perpetuals, and options to Kraken under CFTC regulation. Payward, the parent company of Kraken, has agreed to acquire Bitnomial in a deal worth up to $550 million in cash and stock, giving the exchange group a fully …
Kraken Moves to Acquire Bitnomial in $550 Million Derivatives Push
Summary: Kraken to acquire Bitnomial for up to $550 million, gaining rare CFTC “full stack” licenses. Deal positions Kraken to […] The post Kraken Moves to Acquire Bitnomial in $550 Million Derivatives Push appeared first on CoinsPress.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
