Kraken, the crypto platform, has agreed to acquire NinjaTrader, the U.S. retail futures trading platform, for $1.5 billion.
The acquisition boosts Kraken's position as a 24/7 technology platform for professional traders and expands its presence in the U.S. futures market for both traditional and crypto trading.
This deal represents the largest-ever combination of traditional finance (TradFi) and crypto.
NinjaTrader will continue to operate as a standalone platform under Kraken's suite of trading and payment applications, with clients gaining access to expanded trading opportunities.