Payward Agrees to Acquire Bitnomial for $550 Million
Payward, the parent company of Kraken, has agreed to acquire derivatives exchange Bitnomial for up to $550 million in cash and stock. The acquisition aims to integrate Bitnomial's CFTC-licensed derivatives infrastructure into Payward's B2B platform, enhancing its offerings in crypto trading and regulated U.S. derivatives. The deal is expected to close in the first half of 2026.
Topics: Acquisition Cryptocurrency Derivatives Trading Regulatory Infrastructure