Crypto.com recently concluded a purchase agreement with Nadex to acquire its solutions. In addition, the crypto and financial solutions platform will also acquire the Small Exchange.
Nadex, the North American Derivatives Exchange, is renowned for its clearing house derivative products and retail-based online exchange. On the other hand, the Small Exchange also holds widespread acclamation regarding its retail-focused products.
The latest integration sparked an abundance of interest regarding Crypto.com, as traders rushed to look for a Crypto.com review. The announced acquisition will help Crypto.com to add innovative futures and derivatives products to its US portfolio.
Kris Marsalek, the CEO and Co-Founder of Crypto.com, talked about the recent announcement. According to Kris, Crypto.com aims to deliver a safe, regulated, and reliable platform with the best tools, rendering financial liberty. The offered acquisition builds on the objective and will allow the user base to access innovative financial tools.
As Nadex is also a part of the IG Group’s North American unit, numerous Crypto.com users searched for an IG review you can click here to know more about it. The Chicago-based enterprise holds over 4.3 billion dollars in market capitalization with functionalities like Touch Bracker, call spreads, binary options, and more.
Contrarily, the Small Exchange is a retail trading-centric future exchange, offering futures solutions that are compact, easy-to-use, and financially efficient. The best Canadian crypto exchange is also based in Chicago, facilitating the trading of exchange-based proprietary products for multiple niches, including Introducing Brokers, hedge funds, Futures Commission Merchants, liquidity providers, and proprietary trading firms.
Donal Roberts and Travis McGhee will continue to serve as the CEOs of the Small Exchange and the Nadex, respectively, even after the deal closes. Both CEOs expressed delight about joining a venture as renowned as Crypto.com.
The crypto and financial solutions platform expects to conclude the acquisition process in the first half of 2022. After the acquisition, both the Small Exchange and Nadex will fall under Crypto.com’s portfolio.