Two M&A transactions for Crypto.com

Two M&A transactions for Crypto.com

Advertisements

The platform Crypto.combased in Singapore, announced its intention to acquire the North American Derivatives Exchange (Nadex), a regulated, retail-focused, US-based online exchange and clearinghouse that offers derivatives across various markets, as well as the futures exchange small exchangefor an amount of 216 million dollars.

Source: Adobe Stock / piter2121

According to the information, both takeovers are expected to be finalized in the first half of 2022, pending review by regulatory authorities. Redemption will be made by Foris DAX Marketsan entity that is part of the companies forming Crypto.com. Both companies will be integrated into the Crypto.com brand.

The platform said in a statement that the two acquisitions will allow it to provide US-based Crypto.com customers with the ability to trade certain derivatives and futures.

“Our goal is to provide our clients with a trusted, secure and regulated platform with world-class tools to achieve financial independence,” said Kris Marszalekco-founder and CEO of Crypto.com. “This proposed acquisition […] will give our clients access to a whole new set of financial tools to complement our current offering.”

Nadex is regulated by the Commodity Futures Trading Commission (CFTC) and is part of the North American unit of the global financial services company IG groupwith a market capitalization of approximately $4.3 billion.

“The proposed sale is a cash transaction with an approximate aggregate price for IG’s interests in the two companies of $216 million,” IG Group said in a statement.

The financial services company owns about 39% of the shares of Small Exchange.

Established in 2016, Crypto.com would allow over 10 million customers to buy and sell some 150 crypto-assets. The platform’s ongoing efforts to bolster its global recognition include a recently unveiled $100 million ad campaign featuring the Oscar-winning actor Matt Damon.

The 14th largest asset by CRO market capitalization trades at $0.736. It is up 6% in one day and down 17% in one week.

_______________________

Follow our affiliate links:

To buy cryptocurrencies in the SEPA Zone, Europe and French citizensvisit Coinhouse

To buy cryptocurrency in Canadavisit Bitbuy

To generate interest with your bitcoinsgo to the BlockFi website

To secure or store your cryptocurrenciesget the Ledger or Trezor wallets

To trade your cryptos anonymouslyinstall the NordVPN app

To invest in mining or masternodes:

To accumulate coins while playing:

  • In poker on the CoinPoker gaming platform
  • To a global fantasy football on the Sorare platform

________________

Here are the sources of information we offer:

Our free weekly newsletter: https://www.getrevue.co/profile/CryptonewsEN

Twitter: https://twitter.com/cryptonews_EN

Telegram: https://t.me/cryptonews_EN

LinkedIn: https://www.linkedin.com/company/11745115

Leave a Comment

Your email address will not be published.