Cryptocurrency exchange Kraken has announced it is acquiring futures exchange Small Exchange in a deal worth $100m.
now possible through the Commodities and Futures Trading Commission (CFTC) license
Some are speculating that the San Francisco-based company’s goal behind this deal is to launch its own prediction market platform, which is now possible through the Commodities and Futures Trading Commission (CFTC) license that Small Exchange holds:
Thursday’s press release remarked that the acquisition will allow Kraken to build a “unified, high-performance trading environment.” Kraken co-CEO Arjun Sethi believes the company can now develop a “new generation” of derivatives market in the US, part of a worldwide growth plan.
