Kraken to Close Deal for Offering Futures Trading in US

Kraken is nearing a $1.5 billion acquisition of trading platform NinjaTrader, significantly boosting its presence in the US derivatives market, according to a Wall Street Journal report.

The deal, expected to be confirmed by March 20, would allow Kraken to offer crypto futures and derivatives in the US, utilizing NinjaTrader’s status as a Futures Commission Merchant.

This acquisition is a key part of Kraken’s strategy to expand its offerings across asset classes, including equities trading and payments.

By acquiring NinjaTrader, Kraken gains a strategic entry into the growing US crypto derivatives market. NinjaTrader, known for its futures trading tools and services, currently serves over 1.8 million customers.