Kraken is nearing a $1.5 billion acquisition of trading platform NinjaTrader, potentially boosting its presence in the US derivatives market, according to a Wall Street Journal report.
Expected to be finalized by March 20, this acquisition would allow Kraken to offer crypto futures and derivatives in the US by utilizing NinjaTrader’s status as a Futures Commission Merchant.
This move is a pivotal part of Kraken’s broader strategy to expand its offerings across asset classes, including equities trading and payments.
Gaining NinjaTrader would give Kraken a strategic foothold in the growing US crypto derivatives market. NinjaTrader, known for its futures trading tools and services, currently serves over 1.8 million customers.
