Kraken Acquires Derivatives Exchange Bitnomial for $550 Million
Kraken's parent company, Payward, is acquiring Bitnomial for $550 million to enhance its infrastructure and expand into traditional finance markets. The deal values Payward's equity at $20 billion and aims to provide 24/7 trading capabilities for digital assets. Kraken has been actively acquiring firms as part of its growth strategy.
Topics: acquisition Bitnomial crypto exchange derivatives trading Kraken