The deal provides Kraken with access to NinjaTrader’s regulatory licensing in the United States.
Cryptocurrency exchange Kraken has announced its intention to acquire NinjaTrader, a US-based retail futures trading platform, for a reported sum of US$1.5 billion. The acquisition will bring together traditional finance (TradFi) and cryptocurrency trading infrastructure. NinjaTrader, founded in 2003 and majority-backed by Long Ridge Equity Partners, serves nearly two million traders and operates as a CFTC-registered Futures Commission Merchant (FCM). The deal provides Kraken with access to N