Kraken News: Kraken Nears Acquisition of NinjaTrader for $1.5 Billion

In a major move that could significantly expand its offerings in the cryptocurrency space, Kraken exchange is reportedly close to acquiring NinjaTrader, a U.S.-based retail futures trading platform, for a whopping $1.5 billion.

Kraken Nears $1.5B Deal to Acquire NinjaTrader

Kraken exchange is close to acquiring NinjaTrader, a U.S. retail futures trading platform, in a record-breaking $1.5 billion deal. According to a report by The Wall Street Journal, which cited sources familiar with the matter, an official announcement is expected as early as Thursday, Mar. 20. Through the acquisition, Kraken will leverage NinjaTrader’s Futures Commission Merchant license to increase the range of cryptocurrency futures and derivatives products it offers in the United States. NinjaTrader, established in 2003, serves more than 1.8 million retail investors. The deal would give Kraken access to this user base while also supporting NinjaTrader’s expansion into the UK, Europe, and Australia.

Kraken to Acquire NinjaTrader in a $1.5B Deal

Kraken is set to acquire the US-based retail futures trading platform NinjaTrader in a $1.5 billion deal, according to a report by The Wall Street Journal. The acquisition would allow Kraken to expand its user base and enter asset classes beyond cryptocurrencies. NinjaTrader operates as a Futures Commission Merchant and offers futures trading tools to traders, with over 1.8 million customers. Kraken plans to expand NinjaTrader’s reach to the United Kingdom, Europe, and Australia, while NinjaTrader is expected to continue operating as an independent brand.