Kraken News: Kraken Reportedly Near Deal to Acquire NinjaTrader for $1.5 Billion

In a potential game-changer for the cryptocurrency industry, Kraken is reportedly on the brink of acquiring NinjaTrader, a U.S. futures trading platform, for a whopping $1.5 billion. Here’s what we know so far.

Kraken Near Deal to Acquire NinjaTrader for $1.5B

Kraken is reportedly nearing a $1.5 billion deal to acquire U.S. futures trading platform NinjaTrader, according to a Wall Street Journal report. The deal could be a strategic move for the crypto exchange to expand into another asset class and increase its user base. Kraken could announce the deal as soon as Thursday, and NinjaTrader would continue to operate as a standalone platform under Kraken’s ownership. Neither Kraken nor NinjaTrader has commented on the report.

Kraken Eyes $1.5 Billion Acquisition of NinjaTrader to Launch US Crypto Futures

Cryptocurrency exchange giant Kraken is reportedly on the verge of acquiring NinjaTrader, a US-based retail futures trading platform, in a deal valued at $1.5 billion. The acquisition is expected to provide Kraken with a crucial pathway to offering cryptocurrency futures and derivatives trading to its US customer base. If finalized, the deal would represent a major strategic victory for Kraken in the competitive U.S. cryptocurrency market.