Cryptocurrency exchange Kraken is close to finalizing a $1.5 billion acquisition of trading platform NinjaTrader, expanding its US crypto futures market presence.
The acquisition allows Kraken to offer crypto futures products to US customers by leveraging NinjaTrader's registration as a Futures Commission Merchant.
Kraken plans to diversify its offerings across multiple asset classes, including equities trading and payments, while NinjaTrader would continue operating as a standalone platform.
Kraken is also preparing for a 2026 IPO, taking advantage of a more crypto-friendly regulatory environment under President Trump.