Exchanges· ★★★★· neutral·

Payward outlines unified financial infrastructure strategy for Kraken

  • —Kraken reports 6.6 million funded accounts and $40–50 billion in assets
  • —The $1.5 billion NinjaTrader deal added US futures brokerage infrastructure
  • —The $550 million Bitnomial acquisition strengthened Payward's derivatives business
  • —Nasdaq will invest $100 million in Payward and launch Nasdaq Equity tokens in Q2 2027
Why it matters: The unified regulated infrastructure model could mark the next stage after the Everything Exchange concept and intensify competition with Coinbase and Binance.
Source: CoinSpot