Kraken announced the acquisition of Small Exchange, a designated contract market (DCM) licensed by the U.S. CFTC, from IG Group for $100 million.

Crypto exchange Kraken announced it has acquired Small Exchange, a designated contract market (DCM) licensed by the U.S. Commodity Futures Trading Commission (CFTC), from IG Group for $100 million. The press release stated that this move paves the way for Kraken to launch a fully domestic derivatives product suite in the U.S., creating a deep and sophisticated domestic trading venue in the world's largest capital market.