
Payward plans US perps after $550M Bitnomial deal
Payward has announced plans to offer US clients onchain perpetual futures through Hyperliquid (CRYPTO:HYPE), subject to regulatory approval.
Payward has accused Etana Custody and its CEO Dion Russell of orchestrating a “Ponzi-like” scheme that allegedly misappropriated more than $25 million in customer funds.
Payward has agreed to acquire derivatives platform Bitnomial for up to $550 million in cash and stock to expand its US market footprint.
Payward, the parent company of Kraken, reported $508 million in adjusted second-quarter revenue, up 17% year on year.