Payward has completed its acquisition of Bitnomial, adding key U.S. derivatives licenses to the Kraken parent company.
The deal gives Payward the regulatory stack to offer CFTC-regulated spot margin, perpetuals and options to eligible U.S. clients.
Payward, the parent company of Kraken, has closed its acquisition of Bitnomial, giving the group a broader path into regulated U.S. crypto derivatives.
Bitnomial gives Payward a full derivatives stack
With the transaction completed, Payward now holds three important U.S. derivatives licenses: Futures Commission Merchant, Designated Contract Market and Derivatives Clearing Organization. Together, those licenses allow the company to support trading, intermediation and clearing within the Commodity Futures Trading Commission’s framework.
Payward said the structure will enable it to bring CFTC-regulated spot margin, perpetuals and options to eligible U.S. clients across Kraken and NinjaTrader.
Arjun Sethi, co-CEO of Payward and Kraken, sai
