Bitnomial

Kraken has launched CFTC-regulated Bitcoin and crypto perpetual futures for U.S. traders via Bitnomial, a CFTC-licensed exchange acquired by Kraken's parent company Payward. The contracts, which use an 8-hour funding rate mechanism, allow traders to manage perpetual futures alongside other products in a single account. The launch follows CFTC guidance enabling regulated platforms to offer such products.

Payward, Kraken's parent company, saw a revenue surge due to tokenization expansion and increased futures trading activity. Futures trading rose 51% year-over-year. The expansion was fueled by acquisitions including Bitnomial, Backed, and Reap.

Kraken has launched regulated crypto spot margin trading in the US, marking the first product built on Payward's newly acquired Bitnomial licenses. The rollout is expected to be followed by perpetuals and options later. This launch comes after Kraken's acquisition of Bitnomial.

Kraken has partnered with MoneyGram to enable crypto cash-outs at 500,000 locations worldwide, allowing customers to convert cryptocurrency into cash. This partnership addresses a longstanding gap in the digital asset ecosystem and gives Kraken users access to nearly 500,000 physical locations worldwide. The move targets a key friction point in crypto markets, providing reliable cash access.

Payward, the parent company of Kraken, has closed a $550 million deal with Bitnomial, securing a full CFTC derivatives stack. This deal is significant for Payward as it expands its offerings in the derivatives market. The acquisition solidifies Payward's position in the financial sector.

Payward, the parent company of Kraken, has completed its acquisition of Bitnomial, allowing it to offer US crypto derivatives. The deal gives Payward a full suite of US derivatives licenses issued by the Commodity Futures Trading Commission. This move unlocks new opportunities for Payward in the US crypto market.

Kraken's parent company Payward has acquired Bitnomial to expand its presence in the US crypto derivatives market. The deal provides a fully licensed derivatives stack under CFTC oversight, covering trading, clearing, and brokerage operations.

Payward, the parent company of Kraken, is acquiring Bitnomial, a CFTC-regulated cryptocurrency exchange. The acquisition is driven by Bitnomial's regulatory licenses, which Payward aims to leverage for enhanced compliance and market credibility.

Payward, owner of Kraken, agreed to acquire Bitnomial for $550 million, gaining a fully CFTC-licensed U.S. crypto derivatives stack. The deal values Payward at $20 billion and aims to close in 2026, enhancing Payward's regulated infrastructure for digital assets.

Kraken's parent company Payward has agreed to acquire derivatives exchange Bitnomial for $550 million, providing Kraken with access to CFTC-licensed crypto derivatives infrastructure in the U.S.

Kraken's parent company Payward has agreed to acquire Bitnomial for up to $550 million, gaining a fully CFTC-licensed U.S. crypto derivatives platform. The deal strengthens Payward's position in the regulated cryptocurrency market.

Kraken's parent company Payward is set to acquire derivatives exchange Bitnomial for $550 million in cash and stock. The deal marks a strategic expansion into the derivatives trading sector for Payward, which operates the cryptocurrency exchange Kraken.