Kraken Acquires U.S.-Licensed Derivatives Platform From IG for $100M
Cryptocurrency exchange Kraken has acquired Small Exchange, a U.S.-licensed derivatives trading platform from IG Group (IGG) for $100 million. Kraken bought Small Exchange for $32.5 million in cash and $67.5 million in stock, IG announced on Thursday. The acquisition allows Kraken to operate as a designated contract market (DCM) in the U.S. thanks to Small…