Crypto.com acquires leading US platform Nadex and Small Exchange

Crypto.com (CRO/USD), the world's most dynamically developing cryptocurrency exchange and financial services platform, has executed an agreement to acquire the North American Derivatives Exchange® (Nadex®), a leading retail-focused, regulated online exchange and clearing house based in the US, and the Small Exchange.

Once it acquires Nadex and the Small Exchange, Crypto.com will be able to provide its US-based customers the option to trade certain futures products and derivatives.

Kris Marszalek, Co-founder and CEO of Crypto.com, commented:

Nadex is part of IG Group

Nadex is part of the North American unit of IG Group, a global firm in the FTSE 250 with a $4.3 billion market cap. The Chicago-based exchange is a leader for call spreads, binary options, and Touch Bracket™ (“knock-out”) contracts on the US market, offering novel and secure ways to gain market exposure.

Facilitates trade for wide range of market participants

Nadex facilitates exchange-created proprietary product trade for a wide variety of market participants including proprietary trading firms, Introducing Brokers (IBs), hedge funds, Futures Commission Merchants (FCMs), and market-makers/liquidity providers.

The ‘Small Exchange’: an innovative futures exchange

The Small Exchange is an innovative futures exchange featuring smaller, simpler products targeting retail customers. The futures products available on the Small Exchange are more capital efficient and easier to understand.

The roles as CEOs of Nadex and the Small Exchange will continue to be assumed by Travis McGhee and Donald Roberts (respectively) after the acquisition by Crypto.com.

June Felix, Global CEO of IG Group, said:

Pending regulatory review, Crypto.com expects to close the acquisition of Nadex and the Small Exchange in the first half of next year.