Kraken acquires US retail derivatives platform NinjaTrader for $1.5 billion
This acquisition, announced on March 20, positions Kraken as a stronger player in the U.S. futures market, with the added benefit of NinjaTraders registered status with the Commodity Futures Trading Commission (CFTC).
Founded in 2003, NinjaTrader has built a reputation by offering two million traders access to sophisticated tools and the futures markets. Kraken now aims to leverage NinjaTraders technology and infrastructure to integrate these traditional markets with its crypto-focused platform. The goal is to overhaul outdated systems that restrict trading hours and slow down settlement processes, creating a seamless experience for investors.
Krakens Co-CEO, Arjun Sethi, framed the acquisition as a crucial step toward realizing a broader vision: a fully integrated trading platform that allows investors to trade any asset at any time, without the confines of legacy financial systems. This move signals a shift in how crypto and traditional finance will coexist, providing institutional-grade trading capabilities.
The deal not only strengthens Krakens position in the U.S. derivatives market but also opens the door for global expansion, with NinjaTrader now having access to Krakens licenses in Europe, the U.K., and Australia. NinjaTraders CEO, Marty Franchi, noted that the partnership aligns with their mission to make futures trading more accessible, cost-efficient, and user-centric.
With previous acquisitions such as Cryptowatch and CF Benchmarks, Kraken has been on a growth trajectory focused on expanding its infrastructure and product offerings. While NinjaTrader will remain an independent entity, its integration with Krakens platform promises to enhance its trading capabilities, bringing new possibilities to users worldwide.
The acquisition is expected to close by mid-2025, and its expected to set the stage for more mergers between the crypto and traditional finance sectors. As regulatory clarity around crypto continues to emerge in the U.S., this deal could be the first of many that reshape the financial landscape and integrate crypto into the heart of global markets.
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Text source: Coindoo
