Kraken parent company Payward agrees to acquire Bitnomial, a digital asset derivatives platform, for up to $550M in cash and stock, which values Payward at $20B
The deal gives Payward control of a fully licensed U.S. crypto derivatives stack, accelerating its expansion in regulated markets.
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Kraken's Parent Payward Snags Bitnomial for Up to $550M
Payward acquires crypto derivatives platform Bitnomial in a deal worth up to $550M in cash and stock.
Payward, the parent company behind crypto exchange Kraken, has agreed to acquire Bitnomial, a digital asset derivatives platform. The deal is valued at up to $550M in a mix of cash and stock.
The acquisition hands Payward a fully licensed U.S. crypto derivatives stack. That's a big deal. Operating regulated derivatives in the U.S. is notoriously difficult to pull off, and buying an already-licensed platform is the fast lane.
The move accelerates Payward's push into regulated markets — a strategic priority as institutional players increasingly demand compliant trading infrastructure.
Rather than building from scratch or waiting on its own licensing, Payward is writing a check and skipping the line. It's an aggressive bet that regulated crypto derivatives will be a major growth engine going forward.