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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Discussion
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Saurabh Sharma
Saurabh Sharma
on linkedin
Huge congrats to Luke Hoersten and entire Bitnomial team on this milestone ! — Jump Crypto was the one of the first investors in Bitnomial …
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Brandon Faulkner
Brandon Faulkner
on linkedin
Payward is acquiring Bitnomial, the only company in the US with all three CFTC licenses to run a full crypto derivatives business: exchange, clearinghouse, and brokerage. …