#Kraken Acquires Small Exchange in $100M Deal for U.S. Derivatives Push


Kraken has acquired Small Exchange from IG Group for $100 million to build a regulated #derivatives trading infrastructure in the United States. The acquisition brings a CFTC-regulated Designated Contract Market under Kraken's control, enabling the exchange to offer futures and margin products domestically.


Co-CEO Arjun Sethi said the move creates a unified #liquidity system for spot, futures, and margin trading under federal oversight. The platform will handle clearing, risk management, and order matching to meet standards comparable to major global exchanges.


The deal marks Kraken's second major acquisition this year aimed at expanding its U.S. derivatives operations. Earlier in 2025, the exchange purchased NinjaTrader, another #FuturesTrading platform serving American traders.

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October 16, 2025 at 11:29 AM
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