Kraken to Acquire NinjaTrader for $1.5 Billion, Expanding into Futures Trading

Kraken, a prominent digital asset exchange, is on the verge of finalizing a significant $1.5 billion deal to acquire NinjaTrader, a US-based retail futures trading platform. This strategic move is aimed at expanding Kraken’s reach beyond traditional digital assets and into the futures trading market. The acquisition is expected to be announced soon, marking a pivotal step in Kraken’s diversification strategy.

NinjaTrader, a registered Futures Commission Merchant, will continue to operate as a stand-alone platform. However, it will be enhanced by Kraken’s comprehensive suite of trading and payment applications. This integration is set to bolster Kraken’s presence in the US and extend its reach into key international markets, including the UK, continental Europe, and Australia.

Founded in 2011, Kraken has transformed from a digital asset exchange into a multifaceted financial services company. The acquisition of NinjaTrader aligns with the current industry trend of expanding into various asset classes, including equities and derivatives. This move is expected to drive further innovation within the cryptocurrency ecosystem and streamline regulatory challenges by leveraging NinjaTrader’s established compliance infrastructure.

In addition to this acquisition, Kraken is also considering going public in 2026. This strategic decision comes amid a more favorable regulatory environment under the current administration, which has reshaped how crypto companies operate in the US. Furthermore, Kraken recently announced that the US Securities and Exchange Commission has agreed in principle to drop its lawsuit against the exchange, adding to the positive sentiment surrounding the company.