Kraken parent company Payward completes Bitnomial acquisition, officially enters the US crypto derivatives market

Odaily Planet Daily News Payward (Kraken's parent company) has announced the completion of its acquisition of Bitnomial, marking its official receipt of full regulatory qualifications to offer crypto derivatives services in the United States. Following the transaction, Payward holds a complete set of relevant US CFTC licenses, including Futures Commission Merchant (FCM), Designated Contract Market (DCM), and Derivatives Clearing Organization (DCO), enabling it to launch compliant derivatives services in the US market.

Payward stated that it will gradually launch spot margin trading under the Kraken brand, with plans to subsequently introduce perpetual contracts and options products, while expanding institutional-grade derivatives capabilities through the Bitnomial system. It is reported that Bitnomial, as a Chicago-based native crypto derivatives trading platform, has long held three core CFTC licenses and has been relatively aggressive in listing new assets. After the transaction, it will retain its existing licenses and regulatory framework and continue to operate within the Payward system.

Additionally, this acquisition continues Payward's recent expansion moves: the company previously received a $200 million investment from Deutsche Börse Group and has submitted IPO-related documents to the US SEC, demonstrating its accelerating push into the global compliant derivatives and capital markets landscape. (The Block)