Kraken Acquires Small Exchange, IG Group's Regulatory-Compliant Trading Platform, in $100 Million Deal

BlockBeats News, October 16th, according to official sources, Kraken today announced that it has acquired the Small Exchange from IG Group for $100 million, a designated contract market (DCM) regulated by the U.S. Commodity Futures Trading Commission (CFTC). This move lays the foundation for Kraken to launch a fully U.S.-based derivatives product suite, establishing a deep and mature onshore trading venue in the world's largest capital market. Through this acquisition, Kraken will further advance its mission to build a unified high-performance trading environment. Obtaining DCM status means that Kraken can, under CFTC oversight, design and create a derivatives market listed on a U.S. trading platform.