Payward completes acquisition of Bitnomial and obtains full derivative brand license from CFTC

According to The Block, Kraken's parent company Payward has acquired Bitnomial and obtained licenses from the US Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM), Designated Contract Market (DCM), and Derivatives Clearing Organization (DCO). Co CEO Arjun Sethi announced that Kraken will launch spot margin services and plans to launch perpetual contracts and options products. Bitnomial is a Chicago based crypto native exchange that holds a CFTC Class III license and is authorized to operate digital asset derivative businesses.