Kraken Parent Payward Agrees to Acquire Bitnomial for $550 Million
Payward, the parent company of crypto exchange Kraken, has agreed to acquire Chicago-based Bitnomial for up to $550 million in a mix of cash and stock. The deal is expected to close in the first half of 2026, subject to regulatory approvals. It would give Kraken a complete, CFTC-regulated derivatives stack that Bitnomial built over…
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