Kraken is reportedly close to acquiring trading platform NinjaTrader for $1.5 billion, a deal that could be confirmed by March 20. This acquisition aims to expand Kraken's customer base and allow it to offer crypto futures and derivatives in the US. NinjaTrader's registration as a Futures Commission Merchant will enable this expansion. The move aligns with Kraken's broader strategy to diversify into various asset classes, including equities trading and payments, and helps NinjaTrader extend its reach into Europe and Australia. The company aims to remain a standalone platform post-acquisition. In 2024, Kraken reported $665 billion in trading volume from 2.5 million funded customer accounts, while NinjaTrader serves over 1.8 million users with its trading tools. The deal comes after a recent legal win for Kraken against the SEC, enhancing its position in a more favorable regulatory environment under the current political climate. Kraken, established in 2011, has consistently ranked among the top crypto exchanges, handling up to $4.4 billion in daily trades.

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