Kraken Set to Acquire NinjaTrader for $1.5B

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This deal could be confirmed as early as March 20. If finalized, this move would expand Kraken’s services and allow it to offer crypto futures and derivatives in the US.

According to a March 19 report from The Wall Street Journal, the deal would give Kraken access to NinjaTrader’s registration as a Futures Commission Merchant.

Kraken’s $1.5B NinjaTrader Deal to Expand into US Crypto Futures

This regulatory status would pave the way for Kraken to enter the US crypto futures market. This is a space currently dominated by major players like CME Group. This acquisition is part of Kraken’s broader strategy to branch out beyond crypto trading. The company has already set its sights on other asset classes, including equities trading and payment services. Meanwhile, sources told WSJ that the deal would also help NinjaTrader expand its reach into the UK, continental Europe, and Australia.

Kraken has been making moves to strengthen its position in the competitive crypto industry. With regulatory challenges heating up in the US, Kraken will gain direct access to the futures market. By acquiring NinjaTrader, Kraken would not only gain the ability to offer futures trading. Also, tap into a larger customer base of traders looking for advanced trading tools.

While the exact details remain under wraps, sources say that NinjaTrader will continue to operate as a standalone platform under Kraken’s ownership. This means its existing users may not see major disruptions, at least in the short term.

Regulatory and Market Impacts

The acquisition could shake things up in the crypto futures space. Currently, US-based crypto futures trading is mostly limited to institutional investors through platforms like CME. If Kraken successfully integrates NinjaTrader’s services, it could open the door for more retail investors to access crypto derivatives.

However, regulatory hurdles remain a key factor. The Commodity Futures Trading Commission (CFTC) oversees futures trading in the US, and any move by Kraken in this space will likely be closely watched. Given the heightened scrutiny on crypto exchanges, Kraken will need to ensure a smooth transition to avoid stepping on regulatory landmines.

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