Kraken Parent Payward Agrees to Acquire Derivatives Exchange Bitnomial for $550 Million

In brief

• Kraken parent company Payward entered into a definitive agreement to acquire Bitnomial for up to $550 million in cash and stock.
• The transaction values Payward’s equity at $20 billion.
• Bitnomial holds all three CFTC-issued licenses required to operate a full-stack domestic crypto…