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Payward Acquires Bitnomial, Bolstering US Crypto Derivatives
Description
Payward, parent of Kraken, acquires Bitnomial, a CFTC-regulated crypto derivatives platform, gaining a complete trading, clearing, and brokerage stack in the US. The deal allows for spot margin trading on Kraken and NinjaTrader, with perpetuals and options planned. Bitnomial continues operating independently, offering regulated US derivatives to partners. This move positions Payward strongly in the regulated derivatives market, as the industry shifts towards onshore offerings to meet demand and mitigate offshore risks.
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