Payward announces the acquisition of the cryptocurrency derivatives company Bitnomial for up to $550 million.

On April 17th local time, Payward, the parent company of Kraken, announced that it has reached a final agreement to acquire Bitnomial, the first digital asset derivatives company in the United States to obtain comprehensive CFTC approval, for a maximum of $550 million in cash and stock. The transaction values Payward at $20 billion.