TechFlow, Oct 16 — According to Business Wire, cryptocurrency exchange Kraken announced the acquisition of Small Exchange from IG Group for $100 million. Small Exchange is a Designated Contract Market regulated by the U.S. Commodity Futures Trading Commission (CFTC).
The acquisition lays the foundation for Kraken to launch a comprehensive suite of derivatives products in the U.S. market. Kraken Co-CEO Arjun Sethi stated that the deal establishes the foundation for a new generation of U.S. derivatives markets focused on scalability, transparency, and efficiency. The system will integrate spot, futures, and margin products within a single regulated liquidity framework, reducing market fragmentation and capital latency.
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