Kraken Acquires NinjaTrader for $1.5 Billion to Expand Futures Trading

Crypto exchange Kraken is acquiring U.S. futures trading platform NinjaTrader for $1.5 billion.

Key points of the acquisition:

Kraken will offer crypto futures and derivatives in the U.S. via NinjaTrader, a CFTC-licensed platform.
NinjaTrader will expand into U.K, EU, and Australian markets using Kraken's existing licenses.
Kraken aims to create an institutional-grade trading platform for diverse assets.

Statements from leadership highlight the goal of achieving global reach and innovative use cases post-acquisition.