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- Payward has completed the acquisition of Bitnomial, adding major US licenses from Kraken’s parent company.
- The agreement gives Payward the regulatory authority to offer CFTC-regulated limits, fixed and options to eligible US clients.
Payward, Kraken’s parent company, has closed its acquisition of Bitnomial, giving the group a broader path to US crypto-based products.
Bitnomial offers Payward all derivatives
With the completion of this project, Payward now has three important licenses from the US: Futures Commission Merchant, Market Designated Partnership and Derivatives Clearing Organization. Together, these licenses allow the company to facilitate trading, intermediation and clearing within the Commodity Futures Trading Commission system.
Payer he said design will help deliver CFTC-regulated geographical boundariespermanent and optional for eligible US customers through Kraken and NinjaTrader.
Arjun Sethi, Co-CEO of Payward and Kraken, said that the rollout will begin with the on-site operations of Kraken. Permanents and options are expected to follow later. That sequence is important. Margin is the first bridge. Perpetuities and options are the main prize, especially in the US market where offshore platforms have dominated crypto derivatives services.
US crypto derivatives are on the upswing
Bitnomial is based in Chicago and operates as a crypto-native derivatives exchange. It often moves early on new products, including the future of Aptos.
For Kraken, the acquisition is not just about adding more space but also having a well-managed pipeline. In US-based markets, killing alone is not enough. Cleaning, market selection and customer engagement are all within a tightly controlled system.
The deal also coincides with a major change in the industry. Major crypto exchanges are trying to bring things that used to be offshore into domestic channels. This does not make things any easier. Power, risk of suspension and market control are very important.
