American Kraken cryptocurrency exchange will acquire the futures trading platform NinjaTrader for $1.5 billion. This will allow Kraken to expand its operations to cover several asset classes and increase the total number of users. The crypto exchange currently has 15 million users. In addition, the deal between Kraken and NinjaTrader is a record-breaking one in terms of combining traditional and crypto finance. The deal is expected to close in the first half of 2025.
NinjaTrader will continue to operate as a separate platform but will be owned by Kraken. Founded in 2003, NinjaTrader provides services to nearly 2 million traders. It will enable the crypto exchange to offer cryptocurrency futures and derivatives in the US, trading cryptocurrencies, futures, and traditional financial products.
In early March, the US Securities and Exchange Commission (SEC) withdrew a civil lawsuit filed back in 2023. In it, Kraken was accused of illegal trading activities that could violate securities laws.
Kraken was founded in 2011. It ranks tenth in the ranking of the largest cryptocurrency spot exchanges in terms of traffic, liquidity, trading volumes, and trust in the legitimacy of declared trading volumes, according to CoinMarketCap.
Source: Kraken
Spelling error report
The following text will be sent to our editors: