Payward to acquire Bitnomial, creating a fully CFTC-licensed derivatives platform

We’re excited to announce we have entered into a definitive agreement to acquire Bitnomial, the first fully CFTC-licensed derivatives company in the United States built for digital assets, for up to $550 million payable in cash and stock, in a transaction that values Payward’s equity at $20 billion.

Bitnomial is the first crypto-native exchange in the United States to hold all three CFTC-issued licenses required to op...