Kraken exchange nears $1.5B NinjaTrader acquisition

Kraken Exchange is about to acquire Ninjatrader, an American retail trading platform, in a record contract of $ 1.5 billion.

According to a report By the Wall Street Journal, which cited sources familiar with the issue, an official announcement is expected on Thursday, March 20.

Thanks to the acquisition, Kraken will be able to take advantage of the merchant license of the future Ninjatrader commission to increase the range of term products and cryptocurrency derivatives that it offers in the United States.

Ninjatrader, created in 2003, serves more than 1.8 million retail investors. The agreement would give Kraken access to this user base while taking charge of the expansion of Ninjatrader in the United Kingdom, Europe and Australia.

Kraken regulatory approvals, including his electronic monetary institution license From the Financial Conduct Authority of the United Kingdom and its MIFID license for the EU could reduce this process.

Kraken’s strong financial situation supports the agreement. The scholarship said $ 1.5 billion in revenues for 2024, which has more than doubled its profits from the previous year, according to its finance report Released on January 31. According to the report, the company holds $ 42.8 billion in assets and operates 2.5 million accounts funded. He also recorded a total commercial volume of $ 665 billion for 2024.

The time of this acquisition is aligned with the recent legal victory of Kraken. On March 3, the exchange announced that the American commission for securities and exchange had accepted dismiss His trial against him without penalties or admission of reprehensible acts. This legal result deletes major regulations challenge While Kraken advances with his expansion

Meanwhile, Kraken continues to acquire recognition of the industry. According to a March 19 job On his official blog, Kraken ranked 3rd in the Kaiko T1 2025 discussion ranking, up compared to the 7th last year. This is due to improvements in governance, security and liquidity. There is also the 10th exchange in larger volume of negotiation, according to Coinmarketcapap data.