Cryptocurrency exchange Kraken has reportedly acquired Small Exchange for $100 million in a strategic move to enter US prediction markets. The acquisition provides Kraken with a CFTC-regulated designated contract market license, enabling expanded derivatives trading capabilities across multiple asset classes.
Major Acquisition in Crypto Derivatives Space
Cryptocurrency exchange Kraken has reportedly acquired Small Exchange for $100 million, according to sources familiar with the transaction. The deal, announced on October 16, represents a significant strategic move by the Wyoming-based company to expand its regulated derivatives offerings in the United States.