Kraken Acquires Small Exchange to Boost U.S. Derivatives Market

Kraken, a major cryptocurrency exchange, has made a strategic acquisition to bolster its presence in the U.S. derivatives market. The company acquired Small Exchange from IG Group for $100 million, according to a recent press release. This move positions Kraken for significant growth within the expanding U.S. derivatives landscape and establishes it as a key player in the regulated crypto space.