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Crypto.com To Boost US Presence With a USD 216M Deal
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Singapore-based crypto platform Crypto.com has announced its plans to acquire the North American Derivatives Exchange (Nadex), a US-based retail-focused, regulated online exchange and clearinghouse that offers derivative products on various markets, and the Small Exchange futures exchange, for USD 216m.
Per the plan, the two takeovers are to be finalized in the first half of 2022, pending regulatory review. The takeover will be carried out by Foris DAX Markets, an entity that is part of the companies that form Crypto.com. Both firms will be integrated within the Crypto.com brand.
The platform said in a statement the two acquisitions will allow it to provide Crypto.com's US-based customers with the chance to trade certain derivatives and
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