Crypto.com to Acquire Nadex, Small Exchange to Expand US Presence

Posted on by American Coins & Gold

Crypto.com to Acquire Nadex, Small Exchange to Expand US Presence
Cryptocurrency exchange Crypto.com agreed to buy North American Derivatives Exchange (Nadex) and Small Exchange Inc. to expand its presence in the U.S.Both exchanges are part of the North American branch of London-based IG Group, the FTSE 250-listed online-trading firm with a market cap of around $4.3 billion. IG owns 39% of Small Exchange, and will receive $216 million from the transaction, IG announced Wednesday.The deal is expected to close in the first half of 2022 subject to regulatory approval.Crypto.com will use the acquisition as a gateway to trade certain derivatives and futures products for U.S.-based customers.Nadex is a U.S-based online…