Kraken acquires a CFTC-regulated Designated Contract Market, expanding derivatives footprint in the U.S. market

We’re excited to announce we have acquired Small Exchange, a CFTC-licensed Designated Contract Market (DCM) from IG Group for $100 ￰0￱ move lays the foundation for us to launch a fully U. S.-native derivatives product suite, creating a deep, sophisticated onshore venue in the world’s largest capital ￰1￱ acquisition of Small Exchange advances our mission to build a unified, high-performance trading environment. A DCM authorizes us, under the oversight of the Commodity Futures Trading Commission (CFTC), to design and create markets for exchange-listed derivatives in the ￰2￱ Sethi, Kraken co-CEO: “Kraken’s acquisition of a CFTC regulated Designated Contract Market creates the foundation for a new generation of United States derivatives ￰3￱ is designed for scale, transparency and ￰4￱ step connects spot, futures and margin products inside a single regulated liquidity system, reducing fragmentation, lowering funding latency and bringing onshore the kind of access and performance that has mostly existed ￰5￱ CFTC oversight, Kraken can now integrate clearing, risk and matching into one environment that meets the same standards as the largest exchanges in the ￰6￱ acquisition is part of a larger build of global ￰7￱ now operates regulated derivatives venues in the United Kingdom, the European Union, and the United ￰8￱ system spans six fiat currencies and more than 450 digital and traditional assets, all within one architecture.

Together, these elements create a network that moves collateral in real time, nets exposure across jurisdictions, and reduces capital inefficiencies that have long held back ￰9￱ is not about marketing or ￰10￱ is about building better market structure.” Today’s acquisition follows a series of strategic milestones in our ￰11￱ ￰12￱ this year, we acquired NinjaTrader, a leading ￰13￱ platform, enabling U. S.-based clients to trade CME-listed cryptocurrency futures, alongside spot crypto in a unified ￰14￱ October, we broadened this offering to include a broader range of contracts, covering equities, FX indices and commodities such as oil and ￰15￱ acquisition continues our multi-year investment in derivatives ￰16￱ 2019, we acquired Crypto Facilities, a U.

K. FCA-regulated Multilateral Trading Facility (MTF), and earlier this year launched Europe’s largest regulated crypto futures offering under the MiFID II ￰17￱ securing the necessary licensing and infrastructure today, we are laying the groundwork for institutional-grade markets as crypto ￰18￱ futures on Kraken