coinspress.com
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.