Kraken's parent company Payward to acquire derivatives exchange Bitnomial for $550 million in cash and stock

The deal gives Payward control of a fully licensed U.S. crypto derivatives stack, accelerating its expansion in regulated markets. What to know : Payward agreed to acquire Bitnomial for up to $550 million in cash and stock. The deal brings three licenses under Kraken's roof: a brokerage, a clearinghouse and an exchange. The acquisition will expand Payward’s U.S. derivatives push across Kraken, NinjaTrader and B2B infrastructure.(Coindesk)