to Acquire Nadex, Small Exchange From IG Group for $216M

The deal for the trading platforms will enable to offer certain derivatives and futures products to U.S.-based customers.

Dec 1, 2021 at 8:52 a.m. UTC
Updated Dec 1, 2021 at 2:34 p.m. UTC, a Singapore-based crypto exchange, said Wednesday that it has agreed to buy North American Derivatives Exchange (Nadex) and Small Exchange from London-based financial services firm IG Group for $216 million to expand its presence in the U.S.

  • IG owns 39% of Small Exchange, which has previously received backing from Interactive Brokers Group, Phillip Capital, Jump Capital, Citadel and Peak6 Investments, according to Crunchbase.
  • The deal is expected to close in the first half of 2022 subject to regulatory approval.
  • will use the acquisition as a gateway to trade certain derivatives and futures products for U.S.-based customers.
  • Nadex is a Chicago-based online exchange and clearing house offering retail-focused derivatives products on the some of the major global markets, while Small Exchange provides small, simplified futures products also for retail investors.

UPDATE (Dec. 1, 9:13 UTC): Adds other Small Exchange investors in second bullet point.


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Jamie Crawley is a CoinDesk news reporter based in London.