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Kraken to acquire Small Exchange, IG Group's compliance trading platform, for $100 million

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2025-10-16 07:00:31
Kraken today announced that it has acquired Small Exchange, a designated contract market (DCM) regulated by the US Commodity Futures Trading Commission (CFTC), from IG Group for $100 million. This move lays the foundation for Kraken to launch a fully US-based derivatives portfolio and will create a deep and mature onshore trading venue in the world's largest capital markets. With this acquisition, Kraken will further fulfill its mission of building a unified high-performance trading environment. Obtaining the DCM qualification means that Kraken can design and create a trading platform listed derivatives market in the United States under the supervision of the CFTC.
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