Crypto.com, 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.

Read more: UK Broker IG Group Stops Retail Crypto Derivatives Trades After FCA Ban

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