Payward Closes $550M Bitnomial Deal for CFTC Derivatives

Payward, the parent company of cryptocurrency exchange Kraken, has closed a $550 million acquisition of Bitnomial. The deal grants Payward a full CFTC-regulated derivatives stack in the U.S., according to the announcement.

CFTC Derivatives Regulatory Status

The transaction provides Payward with comprehensive Commodity Futures Trading Commission (CFTC) oversight for derivatives offerings in the United States. This regulatory framework enables Payward to operate derivatives products under full CFTC jurisdiction.