Kraken Acquires CFTC-Licensed Small Exchange for $100M to Expand US Derivatives

Deal Summary

Kraken has acquired Small Exchange, a CFTC-designated contract market (DCM), from IG Group for $100 million, enabling the crypto exchange to build regulated US-listed derivatives markets and integrate clearing, risk and matching into one environment. The move expands Kraken's US derivatives footprint following its earlier NinjaTrader acquisition.