In October 2023, Kraken announced the acquisition of the Small Exchange from IG Group for 100 million USD. This deal is set to unify U.S. Spot, margin, and derivatives trading, ultimately enhancing the regulated crypto trading environment.
The acquisition cost includes 32.5 million USD in cash and 67.5 million USD in Kraken stock. Co-CEO Arjun Sethi highlighted this investment aims at minimizing latency and improving overall trading performance for U.S. Traders in BTC and ETH.
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