Cryptocurrency broker is buying Small Exchange from IG Group for $100 million Deal sets stage for Kraken to enter US prediction markets space Cryptocurrency brokerage firm Kraken is buying Small Exchange from IG Group for $100 million, marking the latest example of a financial services company pushing into the prediction markets arena. A Kraken logo. An acquisition by the crypto broker could signal a move into prediction markets. (Image: Business Wire) Small Exchange is a designated contract market (DCM) licensed by the Commodities Futures Trading Commission (CFTC) – designations necessary for companies to offer exchange-listed derivatives, including yes/no event contracts, in the US. This step connects spot, futures and margin products inside a single regulated liquidity system, reducing fragmentation, lowering funding latency and bringing onshore the kind of access and performance that has mostly existed offshore,” said Kraken co-CEO Arjun Sethi on the company’s blog. “Under CFTC oversight, Kraken can now integrate clearing, risk and matching into one environment that…Read MoreCategory: Cryptocurrency, Financial, Mergers and Acquisitions, cryptocurrency, mergers and acquisitionsSource: Casino.org