Kraken & Arjun Sethi

Kraken: Kraken, operated by Payward, will benefit from the acquisition of Bitnomial by gaining a fully regulated U.S. crypto derivatives platform, enhancing its product offerings and market reach.

Arjun Sethi: Arjun Sethi, Co-CEO of Payward and Kraken, highlighted the strategic importance of Bitnomial's clearing infrastructure for Payward's expansion into regulated United States crypto derivatives.

Kraken: Kraken, as a subsidiary of Payward, will benefit from the acquisition of Reap Technologies by gaining enhanced stablecoin payment infrastructure and expanding its presence in the Asian market, aligning with its broader strategy beyond crypto trading.

Arjun Sethi: Arjun Sethi, co-CEO of Payward and Kraken, confirmed the acquisition terms and highlighted Reap Technologies as a key component for the next phase of Payward's expansion, particularly in Asia.