Kraken's parent company completes the acquisition of Bitnomial, officially opening up the U.S. cryptocurrency derivatives business
According to The Block, Kraken's parent company Payward has announced the completion of its acquisition of Bitnomial, marking its official compliance qualifications to provide cryptocurrency derivatives services in the United States.
After the transaction is completed, Payward will hold a complete licensing system issued by the Commodity Futures Trading Commission (CFTC), including futures commission merchant (FCM), designated contract market (DCM), and derivatives clearing organization (DCO), allowing it to offer spot margin, perpetual contracts, and options trading services to eligible U.S. customers. Payward and Kraken co-CEO Arjun Sethi stated that the company will prioritize launching spot margin products on the Kraken platform, followed by a gradual rollout of perpetual contracts and options products.
Bitnomial, headquartered in Chicago, is one of the few platforms in the U.S. with a complete cryptocurrency derivatives licensing system. After the acquisition, it will retain its original licenses and business structure and serve as the core vehicle for Payward's U.S. derivatives strategy.
Additionally, Payward stated that this transaction will provide new access channels to the U.S. cryptocurrency derivatives market for partners such as banks, brokerages, and payment institutions. Previously, the company also received a $200 million investment from Deutsche Börse Group and has submitted a confidential listing application to the SEC.
You may also like

a16z founder's Stanford lecture: Whenever Wall Street and Silicon Valley have different ideas, it's Wall Street that ends up being wrong

Michael Saylor: After three consecutive quarters of losses, Strategy will sell Bitcoin to pay dividends

The toll station at Hormuz and the RMB that cannot be bought

Interview with Coinbase Institutional's Strategic Head: The Institutionalization of Crypto Reaches a Critical Point

Dialogue with Agora CEO Nick: The battle for stablecoin licenses has just begun

Morning Report | a16z Crypto completes $2.2 billion fundraising for its fifth fund; Bullish invests $4.2 billion to acquire share transfer agency Equiniti; PayPal's Q1 performance exceeds expectations

a16z Crypto: What We See Behind the $2.2 Billion New Fund

Web3 is dead, Web2+3 should rise

Stablecoins and Latin American Remittances: The Misunderstood $174 Billion Market

The arrival of the Web 3.0 era: A review of Hong Kong court rulings on digital assets

Track Markets At a Glance: New WEEX Price Widgets for iOS & Android
To streamline your market data access, WEEX has officially launched "Market Watchlist" desktop widgets

The billion-dollar lesson: The focus of DeFi security is shifting from code to operational governance

A Brief Analysis of Stablecoin Licenses and On-Chain Funding

BVNK Founder: Three Stages of Stablecoin Development

The truth about Trump's son's Bitcoin game: he made a staggering $100 million while retail investors lost $500 million

What Is Futures Trading? Hours, Platforms, and How to Start Trade Futures(2026 Guide)
Learn how to start futures trading, understand trading hours, and choose the best futures trading platform. Includes real data, strategies, and ways to maximize returns with rebates.

The Rise of Composable RWA

MAGA Up 350% in 24 Hours, PEPE Up 46% in One Day: Which Memecoins Are Next in 2026?
MAGA +350% in 24hrs. PEPE +46% in one day. RAVE +4,500% then -90%. In 2026's memecoin market, the gains are real. So are the traps? Here's how to tell the difference before you buy.




