Kraken announced the acquisition of the CFTC-licensed designated contract market Small Exchange for $100 million

ChainCatcher news, according to Businesswire, the cryptocurrency exchange Kraken announced the acquisition of Small Exchange from IG Group for $100 million------a designated contract market (DCM) licensed by the U.S. Commodity Futures Trading Commission (CFTC).

The press release stated that this move lays the foundation for Kraken to launch a suite of domestic derivatives products across the United States, creating a deep and mature domestic trading venue in the world's largest capital market.