Yigit Taha OZTURK 
US-based cryptocurrency exchange Kraken is reportedly finalizing a $1.5 billion deal to acquire NinjaTrader, a major player in futures trading. According to the Wall Street Journal, the acquisition is in its final stages and is expected to be officially announced by the end of the week.
A Strategic Expansion by Kraken
Following its resolution with the SEC, Kraken is strategically moving to expand its offerings, focusing on derivatives and crypto futures. By acquiring NinjaTrader, Kraken will gain access to its Futures Commission Merchant (FCM) license, allowing the exchange to offer regulated derivatives products, particularly in the US market.
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Kraken’s strong financial standing—reportedly earning over $1.5 billion in revenue last year and doubling its profits—gives the company the leverage to execute this high-profile acquisition.
Opening Doors to New Markets!
NinjaTrader, founded in 2003, boasts over 1.8 million retail investors. The acquisition will enable NinjaTrader to expand into the UK and Australian markets, leveraging Kraken’s EMI license from the UK’s Financial Conduct Authority (FCA) to smoothen its entry.
Kraken already holds a MiFID license, allowing it to offer crypto derivatives to EU-based traders. Additionally, Kraken recently reintroduced crypto staking services for US clients, reflecting its broader expansion strategy.
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