The deal aims to expand Payward’s regulated derivatives offering in the US.

Payward, the parent company and operational infrastructure behind Kraken, has agreed to acquire Bitnomial in a deal worth up to US$550m in cash and stock. The acquisition is expected to strengthen Payward’s position in the US market  The transaction will give Payward access to Bitnomial’s US derivatives infrastructure, including licences from the Commodity Futures Trading Commission (CFTC). Bitnomial is one of the few firms to hold licences covering exchange, clearing and br