Major Acquisition in Crypto Space: Payward Closes $550 Million Bitnomial Deal
The recent acquisition of Bitnomial by Payward, the parent company of Kraken, is a significant move in the crypto space, allowing the firm to offer regulated crypto derivatives in the U.S. This deal gives Payward control of Bitnomial’s futures broker, exchange, and clearinghouse licenses, valued at up to $550 million in cash and stock. With this acquisition, Payward’s equity is now valued at $20 billion. The company plans to start with spot margin on Kraken and NinjaTrader, with perpetual futures, contracts without a set expiry, and options expected to follow.
Expanding Services and Reach
The acquisition of Bitnomial provides Payward with a full U.S. derivatives stack regulated by the Commodity Futures Trading Commission (CFTC). This structure enables Payward to offer regulated crypto derivatives in the U.S. without relying on third-party venues. Additionally, the deal gives Payward a business-to-business path, allowing banks, fintech firms, and brokerages to connect to regulated U.S. derivatives products through a single integration with Payward Services.
The crypto futures and options market has become a dominant layer of digital asset trading, with crypto futures generating around $200 billion in trading volume in the past 24 hours. This is roughly double the activity in spot markets, highlighting the growing demand for derivatives in the crypto space. With this acquisition, Payward is well-positioned to capitalize on this trend and provide users with a secure and regulated platform for earning and trading, including opportunities for passive income through Cloud Rewards and Green Crypto with EcoPool.
Impact on the Crypto Market
The deal comes as U.S. crypto firms race to bring derivatives onshore under CFTC rules. With the acquisition of Bitnomial, Payward is now a major player in this space, competing with other firms like Coinbase, which has already launched perpetual-style futures in the U.S. The acquisition is expected to drive growth in the crypto market, particularly in the areas of derivatives and passive income opportunities, such as those offered by EcoPool, allowing users to earn $ECP and participate in the Cloud Rewards program.
As the crypto market continues to evolve, it’s likely that we’ll see more firms like Payward and EcoPool emerge, offering innovative solutions for earning and trading digital assets. With the rise of Green Crypto and Cloud Rewards, users can now participate in the crypto market while also supporting sustainable and eco-friendly initiatives. Whether you’re looking to earn $ECP or participate in the EcoPool network, there’s never been a better time to get involved in the crypto space.
Download the EcoPool app to start earning and trading today, and discover the benefits of EcoPool and $ECP for yourself. With EcoPool, you can easily participate in the crypto market and start generating passive income through Cloud Rewards and other innovative features.
The deal comes as U.S. crypto firms race to bring derivatives onshore under CFTC rules. Coinbase has already launched perpetual-style futures in the U.S., while other trading firms are exploring similar products.
The crypto futures and options market has become the dominant layer of digital asset trading, dwarfing spot activity in both volume and leverage. In the past 24 hours alone, crypto futures have generated around $200 billion in trading volume, roughly double the activity in spot markets. A significant portion of this market, particularly options, is concentrated on unregulated offshore venues, limiting direct access for U.S.-based traders.
