Kraken Expands US Derivatives Business
Kraken has acquired IG Group's Small Exchange for $100 million to offer CFTC-regulated crypto futures trading in the US.
The acquisition includes $32.5 million in cash and $67.5 million in Payward stock, Kraken's parent company, allowing the exchange to offer perpetual futures and round-the-clock trading directly to US customers.
- The Small Exchange is registered with the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM).
- This registration enables Kraken to operate within the US regulatory framework and offer futures trading without relying on third-party venues.
Kraken strengthens its push into regulated derivatives trading.
Author's summary: Kraken expands US presence with $100M deal.
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