PANews reported on October 16th that Kraken, a cryptocurrency exchange, announced that it had acquired Small Exchange, a designated contract market (DCM) licensed by the U.S. Commodity Futures Trading Commission (CFTC), from IG Group for $100 million. The press release stated that this move laid the foundation for Kraken to launch a full suite of derivatives products in the United States, creating a deep and mature domestic trading venue in the world's largest capital market.