Kraken to Launch Crypto Futures Trading in US
Kraken is reportedly in advanced discussions to acquire NinjaTrader, a futures trading platform, in a deal valued at about $1.5 billion. This move underscores Kraken’s strategy to expand its user base and diversify into different asset classes.
While neither Kraken nor NinjaTrader has confirmed the negotiations, sources told The Wall Street Journal that the deal could be finalized by March 20.
According to WSJ, this acquisition would enable Kraken to offer crypto futures and derivatives in the US, leveraging NinjaTrader’s registration as a Futures Commission Merchant.
NinjaTrader is expected to continue operating independently within Kraken’s portfolio of trading and payment solutions. Kraken is also anticipated to support NinjaTrader’s expansion into international markets, including the UK, Europe, and Australia.
