Kraken acquires NinjaTrader for $1.5 billion, aiming to broaden asset offerings and attract diverse users
From Nasdaq
March 20, 2025 11:54 AM:
Cryptocurrency exchange Kraken is set to acquire retail futures trading platform NinjaTrader for $1.5 billion, signaling a step towards deeper integration between crypto and traditional financial services. The deal is expected to broaden Kraken’s asset offerings and attract a more diverse user base, meeting a surge in demand from retail traders seeking a wide range of investment products. Regulatory optimism under President Donald Trump is fueling strategic moves in the industry, highlighting the growing convergence between crypto and traditional finance. Kraken’s acquisition of NinjaTrader is seen as a significant expansion into retail futures trading, aiming to diversify its asset base and enhance its competitive edge in the market. NinjaTrader, with nearly 2 million retail traders, will continue to operate as a standalone unit under Kraken, driving further convergence in the industry. The success of this acquisition will depend on effective integration and market reception to a more diversified product offering from Kraken, potentially unlocking new growth opportunities in the evolving financial landscape.
Read more at Nasdaq: Kraken (GBTC) Expands Into Retail Futures with $1.5B NinjaTrader Acquisition