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Kraken, a top cryptocurrency exchange, is reportedly in advanced talks to acquire NinjaTrader, a US futures trading platform. The sources indicate that the value of the deal is around $1.5 billion.
Neither of the firms has made the negotiations public, but reports suggest that they could finalize the agreement by March 20. In case of finalization, NinjaTrader will be independent while tapping into the global presence of Kraken. The deal is expected to enable NinjaTrader to expand its services into markets including the UK, Europe, and Australia.
NinjaTrader, a widely used futures trading platform, offers advanced features like simulated trading, live analysis, and customization. It has 1.9 million clients and generates approximately $55.3 million in revenue annually.
Kraken, though, remains a crypto leader. In 2024, the exchange generated $1.5 billion in revenue and $380 million in adjusted earnings. It just jumped into third position in Kaiko’s Q1 2025 exchange rankings from seventh last year.
In addition to the potential acquisition, Kraken has been expanding its services. On March 17, it introduced a colocation service to improve trading speed and scalability. Reports also show that Kraken is preparing for a public listing as soon as next year following the SEC’s decision to discontinue its lawsuit against the company.
If the deal goes through, it could be a key step in Kraken’s strategy to diversify and cement its position in the market.
English (US) · 