Chicago-based The Small Exchange offers simplified futures products, creating new trading opportunities for all investors.
3
Acquired Subsidiary
2017
Chicago, IL, US
The Small Exchange operates a futures exchange platform that simplifies derivatives trading for retail and institutional market participants. The exchange offers standardized, customer-centric futures contracts spanning equities, commodities, foreign exchange, and treasury yields.
Kraken acquired the Small Exchange to expand its regulatory footprint and establish a CFTC-regulated designated contract market in the United States. Operating as a regulated trading venue, the exchange provides institutional-grade market infrastructure and transparent execution.
Portfolio Snapshot
Recorded participation and recipient operating status, not current holdings or realized exits
Recorded Recipients1
Operating Recipients1
Top Investment Stages
Series C1 (100.0%)
Stage Mix
Series C 100%
Concentration shown as share of disclosed investments by stage.
