Kraken is reportedly finalizing a $1.5 billion deal to acquire futures trading firm NinjaTrader, marking one of the largest crypto-related acquisitions.
An official announcement could come within days, positioning Kraken to expand into the derivatives market.
The move is seen as a strategic response to regulatory hurdles, as NinjaTrader’s Futures Commission Merchant (FCM) license would allow Kraken to offer derivatives trading within legal frameworks.
With over $1.5 billion in revenue last year, Kraken has the financial strength to complete the deal.
For NinjaTrader, which serves 1.8 million retail traders, the acquisition opens doors to international expansion, particularly in the UK and Australia. Kraken’s existing regulatory approvals may smooth this transition.
This acquisition aligns with Kraken’s broader growth strategy, which includes relaunching crypto staking in the U.S. and securing EU approval for derivatives trading. If completed, the deal would significantly strengthen its position in global markets.
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