TechThe Information1h ago
Kraken Buys U.S. Crypto Derivatives Exchange for $550 Million
TL;DRKraken is buying Bitnomial for $550M to offer crypto derivatives domestically.
Why it matters: U.S. traders gain regulated access to perpetuals; Kraken challenges offshore exchanges.
Kraken, a top three crypto exchange in the U.S., said it agreed to buy Bitnomial, a U.S. crypto derivatives exchange, for up to $550 million, which will allow it to offer crypto perpetuals, a type of risky crypto product popular on offshore platforms like Binance and…
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