Crypto Exchange Kraken Buys Futures Platform NinjaTrader for $1.5B:
03/20/2025 18:44
The deal could be a way for the crypto exchange to move into another asset class and increase its users.
Kraken Buys NinjaTrader for $1.5B to Enter U.S. Crypto Futures Market
The deal could be a way for the crypto exchange to move into another asset class and increase its users.
Updated Mar 20, 2025, 11:34 a.m. UTCPublished Mar 20, 2025, 5:57 a.m. UTC
Crypto exchange Kraken is buying U.S. futures trading platform NinjaTrader for $1.5 billion, the firm said on Thursday.
Through the acquisition, Kraken can now offer crypto futures and derivatives in the U.S. as NinjaTrader is a CFTC-licensed platform. Also, Kraken's U.K, EU and Australian licenses will allow NinjaTrader to expand in those regions.
"This transaction is the first step in our vision of an institutional-grade trading platform where any asset can be traded, anytime,” said Arjun Sethi, Kraken’s co-CEO.
"Joining forces with Kraken allows us to take this vision to a global scale, expanding our reach and unlocking innovative new use cases,” said Marty Franchi, CEO of NinjaTrader
Earlier in the day, the Wall Street Journal first reported the news, citing people familiar with the matter.
Parikshit Mishra
Parikshit Mishra is CoinDesk's Regional Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
