Trending Now - Payward to Purchase Bitnomial in $550M Deal, Valuing Kraken at $20B

WHO:

Cointelegraph - Payward is the parent company of the Kraken crypto exchange.

Techmeme - Payward is acquiring Bitnomial, a digital asset derivatives platform.

WHAT:

Cointelegraph - Payward is acquiring Bitnomial primarily due to its regulatory licenses.

Techmeme - The acquisition deal is valued at up to $550 million in cash and stock.

Techmeme - The acquisition values Payward at $20 billion.

WHERE:

Techmeme - Bitnomial is a U.S.-based crypto derivatives platform.

WHEN:

Techmeme - The acquisition agreement was reported on April 17th, 2026.

WHY:

Cointelegraph - The primary driver for the acquisition is Bitnomial's regulatory licenses.

Techmeme - The deal is intended to accelerate Payward's expansion in regulated markets.

HOW:

Techmeme - The acquisition will be executed through a combination of cash and stock.

(UPDATED April 17, 2026 21:14 UTC)

Payward, the parent company of the Kraken crypto exchange, is acquiring the U.S.-based digital asset derivatives platform Bitnomial in a deal valued at up to $550 million in cash and stock. This acquisition, reported on Friday, is primarily driven by Bitnomial's regulatory licenses and aims to accelerate Payward's expansion into regulated markets. Following this deal, Payward's valuation is set at $20 billion.