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Payward Acquires CFTC-Licensed Derivatives Platform Bitnomial for Up to $550M

GateNews
Partnerships & Ecosystem

Gate News message, April 17 — Payward, the parent company of a major CEX, announced it has reached a definitive agreement to acquire Bitnomial, the first U.S.-based digital asset derivatives company to receive full CFTC licensing, for up to $550 million in cash and stock.

The transaction values Payward at $20 billion in equity. Bitnomial's CFTC approval marks a significant milestone in regulated crypto derivatives trading in the United States.

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