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- Payward has completed its acquisition of Bitnomial, adding key US derivatives licenses to parent company Kraken.
- The deal gives Payward the regulatory package to offer CFTC-regulated spot margin and perpetual options to eligible US clients.
Payward, Kraken’s parent company, has completed its acquisition of Bitnomial, giving the group a broader path into regulated US cryptocurrency derivatives.
Bitnomial Payward offers a full range of derivatives
With the completion of the transaction, Payward now holds three important U.S. derivatives licenses: Futures Commission Dealer, Designated Contracts Market, and Derivatives Clearing Organization. Together, these licenses allow the company to support trading, brokerage and clearing within the framework of the Commodity Futures Trading Commission.
reward He said The structure will enable him to achieve Regulated by the Commodity Futures Trading Commission (CFTC). Spot marginand perpetuities and options for eligible US clients via Kraken and NinjaTrader.
The rollout will begin with instant margin services on Kraken, said Arjun Sethi, co-CEO of Payward and Kraken. Perpetuities and options are expected to follow at a later date. This sequence is important. The margin is the first bridge. Perpetual shares and options are the bigger prize, especially in the US market where offshore platforms have long dominated cryptocurrency derivatives activity.
US crypto derivatives are moving inward
Petnomial It is based in Chicago and operates as the original crypto derivatives exchange. It often moved early on new listed products, including Aptos futures.
For Kraken, the acquisition is less about adding another location and more about having organized plumbing. In the US derivatives markets, enforcement alone is not enough. Clearing, market setting, and client intermediation all fall within a tightly supervised structure.
The deal also fits into a broader shift in the industry. Large cryptocurrency exchanges are trying to bring products that used to mostly live abroad into regulated local channels. This does not make the products simple. Leverage, liquidation risk and market monitoring remain central issues.
