PANews reported on April 17th that, according to CoinDesk , Kraken's parent company, Payward, has agreed to acquire crypto derivatives platform Bitnomial for up to $ 550 million in cash and stock, valuing the latter at approximately $ 20 billion. Bitnomial holds a full suite of licenses in the United States, including Designated Contract Market ( DCM ), Derivatives Clearing House ( DCO ), and Futures Commission Merchant ( FCM ), covering spot margin, perpetual contracts, and options. This transaction will integrate Bitnomial 's compliant clearing and settlement infrastructure with Kraken , NinjaTrader , and Payward's B2B services, accelerating its expansion in the regulated crypto derivatives market in the United States. The transaction aims to acquire 100% of Bitnomial's equity and is expected to close in the first half of 2026 , subject to regulatory approval.