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Cryptocurrency exchange Kraken is set to make a $1.5 billion deal to acquire the U.S.-based retail futures trading platform NinjaTrader. Upon completion of this agreement, Kraken aims to reach new users and expand into different asset classes. According to sources close to the matter, the deal is nearly finalized, and it is anticipated that this move will facilitate Kraken’s entry into the futures and derivatives market in the U.S.
Kraken’s Goals and Potential Impacts of the NinjaTrader Acquisition
Founded in 2011, Kraken is a leading exchange offering trading in various cryptocurrencies, including Bitcoin (BTC) 
$110,739 and Ethereum (ETH) 
$2,696. Operating under the official name Payward, the exchange also encompasses brands such as Crypto Facilities and CF Benchmarks. In recent years, Kraken has aimed to expand its operations into various asset classes, planning to offer stock trading and payment services.
By acquiring NinjaTrader, Kraken will gain the authority to offer futures and derivatives in the U.S. This is possible because NinjaTrader holds a license as a Futures Commission Merchant (FCM). Additionally, the deal will expedite NinjaTrader’s expansion into significant markets in the U.K., Europe, and Australia.
Furthermore, Kraken aims to become better integrated with traditional financial markets. By stepping into areas such as futures, derivatives, and stock trading, the company will expand its financial solutions. Experts suggest that this move could lead to greater adoption of Kraken in traditional markets.
What is NinjaTrader and What Does It Offer?
Founded in 2003, NinjaTrader is a platform that provides various trading tools for investors looking to engage in futures trading. According to its official website, the platform serves over 1.8 million users.
Post-acquisition, NinjaTrader is expected to remain part of Kraken’s trading and payment applications while continuing its operations as an independent platform. This will allow users to maintain access to existing services while benefiting from new features offered by the cryptocurrency exchange.
After the agreement, NinjaTrader is anticipated to have greater integration within Kraken’s financial ecosystem. This could mean the introduction of new products and services for users.
