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Kraken Expands US Derivatives Business in $100 Million IG Deal

Kraken has acquired a US-licensed futures exchange from IG Group as the crypto heavyweight seeks to broaden the range of products it can offer directly to US customers. Kraken bought the IG-owned Small Exchange in a transaction comprised of $32.5 million in cash and $67.5 million of stock in Payward, its parent entity, IG said in a statementBloomberg Terminal on Thursday. IG will also enter into a partnership agreement with Kraken as part of the deal....

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