Crypto.com acquires Nadex and Small Exchange

Karthik Subramanian

Crypto.com, one of the fastest-growing crypto and financial services platforms, has announced the acquisition of the North American Derivatives Exchange (Nadex) which is a retail-focussed exchange offering many financial and derivatives products on some of the most heavily traded markets as well as Small Exchange.

The Small Exchange is a smaller, simpler platform that offers derivatives of simpler products but both the exchanges are mainly focused on the US region.

Deal Done with an Eye on Derivatives

The acquisition has been made to provide the US customers of Crypto.com with various types of derivatives products which they would find useful and interesting as well. Nadex is part of the North American unit of the IG group that offers many interesting products like binary options, call spreads and touch-bracket contracts, and many other innovative products for those who are interested in trading complex forms of derivatives. It is based out of Chicago and is licensed and regulated by the CFTC.

“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.”

The acquisition is expected to complete during the first half of 2022 which will then help Crypto.com in pushing through a variety of new derivatives focussed products in the crypto markets which will help to take the trading part of the crypto industry to the next level. Both the acquired companies will come under the Crypto.com brand and Travis McGhee and Donald Roberts would continue as the CEO of Nadex and Small Exchange respectively even after the acquisition is completed.

Large User Base

Crypto.com is reported to have over 10 million users and it has been able to build this userbase by infusing a sense of security in the minds of the traders and the investors by making sure that it gets regulated before launching the crypto business in any specific region that it plans to enter into. This creates a win-win situation for all as it gives the assurance to the users that their funds are safe while the company can also focus on their marketing and business without any fear of being shut down by the regulators.

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