Kraken's Big Move: Buying Bitnomial to Boost U. S. Crypto Derivatives
Payward, the company behind the popular Kraken exchange, just made a huge play in the crypto world. It announced plans to buy Bitnomial, a derivatives platform, in a deal worth up to $550 million—part cash, part stock. At $20 billion, this deal isn’t just any purchase; it’s a statement that Payward