Payward Acquires Bitnomial to Build a Fully CFTC-Licensed U.S. Crypto Derivatives Platform

Payward entered into a definitive agreement to acquire Bitnomial for up to $550 million in cash and stock, valuing Payward’s equity at about $20 billion. The deal combines Bitnomial’s fully CFTC-licensed U.S. derivatives infrastructure (exchange, clearinghouse, and brokerage) with Payward’s global distribution across Kraken and NinjaTrader, enabling regulated spot margin, perpetuals, and options for eligible U.S. clients.