Post #11946

Kraken acquired Bitnomial for up to $550M Payward (Kraken's parent) agreed to acquire Bitnomial for up to $550M in cash and stock, valuing Payward at $20B. Bitnomial is a crypto-native exchange that holds the three CFTC-issued licenses needed to run a full-stack domestic digital asset derivatives business. The deal gives Payward control of a fully CFTC-licensed U.S. crypto derivatives stack spanning exchange, clearing and brokerage. It also arrives days after Deutsche Börse disclosed a $200M purchase of Payward shares. Kraken is quietly stacking the infrastructure layer everyone else missed - and Ink TGE is still ahead. 🔗theblock.co/post/397890/kraken-parent-payward-agrees-to-acquire-bitnomial-for-up-to-550-million Top 7 Ecosystem:Alpha| X | Aggregator