Kraken's parent company has completed the acquisition of Bitnomial, officially entering the US crypto derivatives market.

BlockBeats News, May 4th, Kraken's parent company Payward announced the completion of the acquisition of Bitnomial, signaling its formal eligibility to offer cryptocurrency derivatives services in the United States.

Post-acquisition, Payward has obtained a full licensing framework issued by the Commodity Futures Trading Commission (CFTC), including Futures Commission Merchant (FCM), Designated Contract Market (DCM), and Derivatives Clearing Organization (DCO), allowing it to provide spot margin, perpetual futures, and options trading services to eligible U.S. customers.

Payward's Co-CEO Arjun Sethi, along with Kraken, stated that the company will prioritize launching spot margin products on the Kraken platform, followed by gradually introducing perpetual futures and options products.

Headquartered in Chicago, Bitnomial is one of the few platforms in the U.S. with a complete cryptocurrency derivatives licensing framework. After the acquisition, it will continue to retain its original licenses and business structure, serving as the core vehicle for Payward's U.S. derivatives strategy.

Additionally, Payward mentioned that this transaction will also provide a new channel for partners such as banks, brokers, and payment institutions to access the U.S. cryptocurrency derivatives market. Previously, the company received a $200 million investment from the Deutsche Börse Group and has secretly submitted its listing application to the SEC.