Kraken nears $1.5B deal to acquire NinjaTrader, expanding product offerings and customer base.
From Cointelegraph
March 19, 2025 11:13:26 pm:
Crypto exchange Kraken is nearing a $1.5 billion acquisition of NinjaTrader, expanding its customer base and allowing for crypto futures and derivatives in the US. The deal may be confirmed by March 20, enabling Kraken to offer equities trading and payments while NinjaTrader expands into new markets. NinjaTrader will remain a standalone platform under Kraken.
Kraken reported $1.5 billion in revenue and $665 billion in trading volume in 2024, with NinjaTrader serving over 1.8 million customers. Kraken aims to broaden its product offerings, recently closing its NFT marketplace. The US SEC dropped its lawsuit against Kraken, allowing the firm to benefit from a more relaxed regulatory environment under President Trump.
Founded in 2011, Kraken consistently ranks among the top crypto exchanges in spot trading volume. Former CEO Jesse Powell handed over leadership to Amir Orad last July. Kraken handles between $390 million and $4.4 billion in daily trades, positioning itself as a key player in the industry.
Read more at Cointelegraph: Kraken nears $1.5B deal allowing it to offer US crypto futures: Report