Kraken doubles down on US futures with $100M ‘Small’ acquisition
After acquiring NinjaTrader for $1.5 billion, Kraken continues to expand its derivatives offerings in the US and beyond with the latest $100 million Small Exchange acquisition.
Cryptocurrency exchange Kraken has expanded its derivatives trading offering in its home jurisdiction through a new acquisition.
Kraken has acquired Small Exchange, a designated contract market maker (DCM) from the trading company IG Group, for $100 million, the company announced Thursday.
With the DCM being licensed by the US Commodity Futures Trading Commission (CFTC), Small Exchange, the acquisition officially authorizes Kraken to build markets for exchange-listed derivatives in the US.
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