Kraken Set to Acquire Futures Platform NinjaTrader in $1.5 Billion Deal
Cryptocurrency exchange Kraken is reportedly on the verge of acquiring NinjaTrader, a U.S.-based futures trading platform, in a deal valued at approximately $1.5 billion, according to the Wall Street Journal.
This move marks a significant step for Kraken, as it expands its footprint beyond digital currencies into traditional financial markets, particularly futures trading.
The acquisition would allow Kraken to diversify its product offerings and attract both retail and institutional clients.
Sources indicate that the deal may be officially announced soon, with Kraken set to take ownership of NinjaTrader, although the platform is expected to maintain its independent operations.
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This acquisition aligns with Kraken’s broader strategy to tap into regulated financial sectors, complementing its established presence in cryptocurrency derivatives.
While neither company has publicly addressed the deal, if it proceeds, Kraken will strengthen its position within the trading ecosystem, gaining a competitive edge in the growing futures market.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
