POPA ReconKraken acquired Bitnomial for up to $550M
Kraken acquired Bitnomial for up to $550M Payward (Kraken's parent) agreed to acquire Bitnomial for up to $550M in cash and stock, valuing Payward at $20B. Bitnomial is a crypto-native exchange that holds the three CFTC-issued licenses needed to run a full-stack domestic digital asset derivatives business. The deal gives Payward control of a fully CFTC-licensed U.S. crypto derivatives stack spanning exchange, clearing and brokerage. It also arrives days after Deutsche Börse disclosed a $200M purchase of Payward shares. Kraken is quietly stacking the infrastructure layer everyone else miss…
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