TechFlow News, April 17: According to CoinDesk, Payward, Kraken’s parent company, announced its acquisition of digital asset derivatives platform Bitnomial for up to $550 million in cash and stock. The transaction values Payward at approximately $20 billion. Bitnomial is the first crypto-native platform in the U.S. to hold all three key regulatory licenses—Designated Contract Market (DCM), Derivatives Clearing Organization (DCO), and Futures Commission Merchant (FCM). Following the acquisition, Payward will instantly obtain all regulatory approvals required to operate a full derivatives business in the U.S., significantly shortening the timeline needed to build its own compliant infrastructure.
Post-integration, the combined platforms will launch spot margin, perpetual futures, and options products for U.S. customers. Through Payward Services’ B2B infrastructure, these regulated U.S. derivatives offerings will be made available to banks, fintech firms, and brokers via a single API.
This acquisition marks Payward’s second major deal following its $1.5 billion acquisition of NinjaTrader in 2025. The transaction is expected to close in the first half of 2026.
