Share this article
Kraken Acquires U.S.-Licensed Derivatives Platform From IG for $100M
Kraken bought Small Exchange for $32.5 million in cash and $67.5 million in stock, IG announced on Thursday
Updated Oct 16, 2025, 11:54 a.m. Published Oct 16, 2025, 11:40 a.m.
Make us preferred on Google
What to know:
- Kraken has acquired Small Exchange, a U.S.-licensed derivatives trading platform from IG Group for $100 million.
- The acquisition allows Kraken to operate as a designated contract market (DCM) in the U.S.
- Kraken has been expanding its future and derivatives trading capabilities this year, having acquired NinjaTrader for $1.5 billion in March.
Cryptocurrency exchange Kraken has acquired Small Exchange, a U.S.-licensed derivatives trading platform from IG Group (IGG) for $100 million.
Kraken bought Small Exchange for $32.5 million in cash and $67.5 million in stock, IG announced on Thursday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The acquisition allows Kraken to operate as a designated contract market (DCM) in the U.S. thanks to Small Exchange's licensing from the Commodity Futures Trading Commission (CFTC).
Kraken has been expanding its future and derivatives trading capabilities this year, having acquired NinjaTrader for $1.5 billion in March.
This also gives the exchange a stronger footing ahead of its long-awaited initial public offering (IPO) in the U.S., which is slated for 2026.
More For You
Accelerating Convergence Between Traditional and On-Chain Finance in 2026?
Commissioned bySociete Generale-FORGE
More For You
Sharplink's Lubin and Chalom make their case for ether DATs as prices plunge
At a panel discussion at Consensus Hong Kong 2026 featuring Sharplink Gaming Chairman Joe Lubin and CEO Joseph Chalom, the two executives outlined how digital asset treasuries are evolving into a distinct institutional strategy.
What to know:
- As institutional adoption of digital assets matures, a new corporate playbook is emerging: treat ether not just as an investment, but as productive financial infrastructure.
- At a panel discussion at Consensus Hong Kong 2026 featuring Sharplink Gaming (SBET) Chairman Joe Lubin and CEO Joseph Chalom, the two executives outlined how DATs are evolving into a distinct institutional strategy.
Top Stories
