Kraken Acquires Small Exchange for $100 Million: Launch of US-Based Crypto Derivatives Market

Kraken, a major player in the crypto exchange space, has made a strategic move by acquiring Small Exchange, a CFTC-licensed Designated Contract Market (DCM). This deal is worth $100 million and will allow Kraken to launch a fully U.S.-native derivatives suite, solidifying its position as one of the most sophisticated onshore trading venues in the crypto industry. The acquisition marks a significant step for the exchange towards expanding its presence in the U.S., aligning with the regulatory framework of global exchanges like the London Stock Exchange and New York Stock Exchange.