Crypto exchange Kraken is reportedly approaching a $1.5 billion acquisition of NinjaTrader, which, if confirmed, would permit Kraken to provide crypto futures and derivatives in the US. The acquisition, expected to be announced on March 20, marks a significant step in Kraken's strategy to diversify its offerings across various asset classes, including equities and payments. NinjaTrader's registration as a Futures Commission Merchant would facilitate this transition. The move also presents opportunities for NinjaTrader to expand into international markets such as the UK, Europe, and Australia. Kraken, which handled around $665 billion in trading volume across 2.5 million funded accounts in 2024, aims to broaden its services following a recent legal settlement with the SEC that dismissed allegations without penalties. Founded in 2011, Kraken is a major player in the crypto exchange sector, consistently ranking among the largest exchanges by trading volume.

Source 🔗