Kraken News: Kraken to Acquire NinjaTrader for $1.5 Billion to Expand Futures Trading

In a significant move that underscores its commitment to diversification, cryptocurrency exchange Kraken is set to acquire NinjaTrader, a leading US-based retail futures trading platform, for a whopping $1.5 billion. Here’s a closer look at this groundbreaking deal and its implications for the crypto space.

Kraken Acquires NinjaTrader for $1.5B to Expand Futures Trading

Kraken is set to finalize a $1.5 billion deal to acquire NinjaTrader, a US-based retail futures trading platform. The acquisition is expected to expand Kraken’s reach beyond traditional digital assets and marks a bold step forward in its diversification strategy. Industry insiders view this as one of the largest deals of its kind in the crypto space. The Wall Street Journal reported that an agreement could be announced soon, signaling Kraken’s ambition to grow its user base and expand into other asset classes.

Kraken Eyes $1.5 Billion Acquisition of NinjaTrader

Kraken is reportedly in negotiations to acquire NinjaTrader for $1.5 billion. The deal would allow Kraken to offer crypto futures and derivatives in the US through NinjaTrader’s registration as a Futures Commission Merchant. Neither party has officially confirmed the negotiations, but sources close to the situation told The Wall Street Journal that the deal could be finalized as early as March 20. If completed, NinjaTrader would continue to operate as an independent platform within Kraken’s broader portfolio of trading and payment solutions.