2025-10-16
Kraken announced the $100 million acquisition of Small Exchange — a CFTC-regulated Designated Contract Market (DCM) — from IG Group, expanding its footprint in the U.S. derivatives market. The move makes Kraken one of the few trading platforms to hold derivatives licenses across
Bloomberg
Kraken acquires US-licensed futures exchange Small Exchange from IG Group, for $32.5M in cash and $67.5M in Kraken parent company's Payward stock, before an IPO
Kraken has acquired a US-licensed futures exchange from IG Group as the crypto heavyweight seeks to broaden the range of products it can offer directly to US customers.