The Crypto Exchange Kraken has been reported closing up with a $ 1.5 billion taking the Ninjatrader Trading Platform, a step that will expand Kraken’s customer base and enable it to offer crypto futures and US derivatives.
The deal may be confirmed on the morning of March 20 in the US, the Wall Street Journal Says In a March 19 report, citing people are familiar with this matter.
Kraken’s expanded offerings will be possible by registering the ninjatrader as a Futures Commission businessman.
The move will help Kraken’s approach to work in many classes – including plans for equities trading and payments – while activating the ninjatrader to expand in the UK, Continental Europe and Australian Market, resources to WSJ said.
It is expected that the Ninjatrader will remain a standalone platform under Kraken.
The cointelegraph reached out to Kraken and Ninjatrader to comment but did not receive an immediate response.
Source: Wall Street Journal markets
Kraken has been posted $ 1.5 billion income and $ 665 billion in trading volume from 2.5 million funded customer accounts on its platform in 2024, while Ninjatrader recently Says Its futures trading tools are used by more than 1.8 million customers.
Kraken expressed its desire to expand its offerings and services in November in November this The unimaginable token marketplace is shutter.
Related: Australia has enabled Kraken Operator $ 5M for regulatory violations
It came as US Securities and Exchange Commission Dropped its lawsuit against Kraken On March 3 after it was allegedly the Crypto platform acted as an unregistered broker, dealer, exchange and agency exchange.
The suit was removed with prejudice, with no entry of wrongdoing, unpunished paying and no changes to Kraken’s business.
Kraken is one of the many companies that stands for benefit from a more relaxed US regulation environment under President Donald Trump, who has promised to make America “crypto capital” of the world.
The Crypto exchange was founded in 2011 by Thanh Luu, Michael Gronager and former CEO Jesse Powell, who issued reins to the former data by executive executive Amir Orad in July.
Kraken continues to rank in the top seven to 15 largest crypto exchanges by the amount of trading in the area, handling between $ 390 million and $ 4.4 billion in sunny trade in the past three months, According to in coingecko data.
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