Kraken to Acquire Futures Broker NinjaTrader in $1.5 Billion Crypto-TradFi Deal
The post Kraken to Acquire Futures Broker NinjaTrader in $1.5 Billion Crypto-TradFi Deal appeared on BitcoinEthereumNews.com.
American crypto exchange Kraken has announced it is buying futures trading platform NinjaTrader in a deal that would help it achieve its expansion goals and underscores the growing intersection of traditional finance and crypto. In a Thursday announcement, San Francisco-based Kraken valued the acquisition at $1.5 billion, subject to certain purchase price adjustments. “This acquisition strengthens our position as a 24/7, always-on technology platform built for professional traders, making us a leader in U.S. futures for both traditional and crypto markets,” Kraken said in a press release. 🚨 MASSIVE NEWS 🚨 Kraken is acquiring @NinjaTrader for $1.5B, locking in the largest TradFi + crypto deal ever. Another huge milestone on our road to becoming the world’s go-to platform for trading anything, anytime, anywhere. More details 👇https://t.co/Pdv5hiAAub — Kraken Exchange (@krakenfx) March 20, 2025 The transaction comes as Kraken looks to expand as it also emerges from regulatory headwinds. Earlier this month, the Securities and Exchange Commission agreed to drop a lawsuit against Kraken that alleged it was operating as a securities exchange. Earlier this month, the exchange confirmed to Decrypt that it is planning to go public but would not reveal a timeline. NinjaTrader allows traders to buy and sell contracts that bet on the future price of commodities such as oil, Bitcoin, and copper. Kraken’s co-CEO Arjun Sethi added that while “traditional markets run on post-WWII, 1950s banking systems,” today’s acquisition was the beginning of Kraken’s move to become an “institutional-grade trading platform where any asset can be traded, anytime.” The exchange’s announcement added that the company is hoping to branch out into other assets. “It also accelerates Kraken’s multi-asset-class ambitions—which also include plans for equities trading and payments,” it read. Kraken allows customers to buy, sell, and bet on the future price of digital coins and tokens like Bitcoin, Ethereum, and…
Filed under: News - @ March 21, 2025 6:24 am