Buys Two Exchanges to Continue Marketing and Expansion

The move helps expand into the derivatives and futures product markets for US-based customers.

Kyle Heise
December 3, 2021
Blockchain News Buys Two Exchanges snagged more headlines by announcing the purchase of two exchanges: the North American Derivatives Exchange (Nadex) and Chicago-based, Smaller Exchange. closed the deal at $216 million for the two exchanges from London-based financial services firm, IG Group.

The announcement came from an official blog on Wednesday, Dec. 1st, where indicated the move will be specific to US-based customers. The deal is not yet completed, but hopes to solidify the move in early 2022, where both companies will consolidate under the name––a powerful name to hold. The move signals a continuation of’s hunger for acquisitions and an expansion into derivatives and futures products. 

“Our goal as a platform is to offer our customers a trusted, secure, and regulated platform with world-class tools to achieve financial independence,” Kris Marszalek, Co-founder and CEO of, said in the blog on Dec. 1. “This proposed acquisition builds on that promise and will give our customers access to an entirely new set of financial tools to complement our current offering.”

Nadex and Smaller Exchange will provide with the necessary infrastructure and resources to hit the ground running with derivatives and futures products. Both companies are specialists in different sectors; Nadex will help with retail-focused trading on the world’s most heavily traded markets, while Smaller Exchange aims for simpler retail products. 

“This is a fantastic deal that is beneficial to all parties. Nadex and the Small Exchange are strong innovative businesses, and we are pleased that has recognized their potential. This will be an exciting time for clients and all those involved in the businesses”, added June Felix, Global CEO, IG Group.

About is a cryptocurrency exchange that was started operating in 2016. It has extended its reach to over 10 million users within five years. The platform was founded by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo, with its headquarters in Hong Kong. In addition to the cryptocurrency application, the platform also runs the Visa card, one of the world’s largest cryptocurrency card programs, the exchange, and a DeFi wallet. The exchange operates across three continents, the Americas, Europe, and Asia.

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in ETH, CRO, CAKE, and BSC meme projects.

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