Kraken to Acquire Bitnomial in $550M Cash and Stock Deal
Kraken, through its parent company Payward, Inc., plans to acquire CFTC-licensed derivatives exchange Bitnomial in a $550M cash and stock transaction. The deal values Payward’s equity at $20B and is expected to close in the first half of 2026. Kraken has been actively acquiring companies, including a $1.5B purchase of NinjaTrader in 2025.
Topics: acquisition Bitnomial CFTC-licensed derivatives exchange crypto exchange IPO plans Kraken