According to the source, Kraken acquired Small Exchange for $100M to launch a regulated derivatives trading platform in the United States, as stated in an X post dated Oct 16, 2025. The source did not disclose product scope, launch timing, or regulatory approvals in the post.

According to Crypto Rover, DWF Labs has injected $25 million into World Liberty Finance as part of its expansion strategy in the US market. This move signifies DWF Labs' serious intentions to enhance trading activities, leveraging their presence on over 60 exchanges and robust liquidity. Such a significant investment is likely to impact trading volumes and liquidity in related markets, making it a critical point of interest for traders.