Kraken Parent Payward to Acquire Bitnomial for $550M

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Payward, the parent company of Kraken, has agreed to acquire crypto derivatives firm Bitnomial in a deal worth up to 550 million dollars, structured in cash and stock. The acquisition strengthens Kraken’s broader Payward ecosystem by adding a fully regulated U.S. derivatives stack that includes brokerage, clearing, and exchange services under one roof. The move is seen as a major step in expanding compliant derivatives infrastructure and deepening its presence in regulated U.S. markets.