Crypto.com acquires two US exchanges in $216M deal
Both from IG Group
Crypto.com, which has been in the news lately for its naming-rights deals, has acquired two exchanges from financial services firm IG Group Holdings Plc.
Earlier today, Crypto.com announced that it is purchasing the IG Group’s North American Derivatives Exchange and the Small Exchange in a $216 million deal. The deal is expected to close in the first half of 2022, following regulatory approval.
The North American Derivatives Exchange, also known as Nadex, offers instruments like binary options, call spreads, and Touch Bracket contracts. The Small Exchange provides futures products to mainly market makers, trading firms, and hedge funds.
“Our goal as a platform is to offer our customers a trusted, secure, and regulated platform with world-class tools to achieve financial independence,” said Kris Marszalek, Co-founder and CEO of Crypto.com. “This proposed acquisition builds on that promise and will give our customers access to an entirely new set of financial tools to complement our current offering.”
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