The acquisition gives Payward control of a U.S. derivatives infrastructure that supports CFTC (U.S. derivatives regulator)-regulated spot margin, perpetuals (futures without expiry), and options through Kraken and NinjaTrader.
Payward said it has completed its acquisition of Bitnomial, giving the company what it described as the first fully CFTC (U.S. derivatives regulator)-licensed crypto-native derivatives stack in the United States. According to the announcement, the deal gives Payward ownership of a full U.S. derivatives setup that enables CFTC-regulated spot margin, perpetuals (futures without expiry), and options on Kraken and NinjaTrader. The transaction is significant because regulated derivatives infrastructure is a key part of expanding crypto trading access in the U.S., where compliance requirements for leveraged and structured products are stricter than for standard spot trading.