Kraken Parent Payward Eyes $550M Bitnomial Deal to Unlock U.S. Derivatives Market

TLDR: Payward plans to acquire Bitnomial for up to $550M using a mix of cash and stock. Bitnomial holds rare U.S. licenses enabling trading, clearing, and brokerage services. The deal allows Payward to bypass years of regulatory approvals and setup delays. Acquisition strengthens Kraken’s position in the regulated U.S. derivatives market. Kraken’s parent company, Payward, [...]

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