Kraken Acquires NinjaTrader for $1.5 Billion to Dominate US Crypto Futures Market

Jakarta, Pintu News – Kraken, one of the leading crypto exchanges, announced an agreement to purchase US futures platform NinjaTrader for $1.5 billion. This strategic move aims to expand Kraken’s reach in the crypto derivatives market in the United States, while increasing its user base globally.

NinjaTrader Introduction and Expansion Plans

NinjaTrader, founded in 2003, is a platform licensed by the Commodity Futures Trading Commission (CFTC) and has served nearly 2 million customers. With this acquisition, Kraken plans to introduce futures and crypto derivatives trading in the US.

The Chicago-based platform is expected to expand its operations to the UK, EU, and Australia thanks to Kraken’s licenses. In addition, the integration between Kraken and NinjaTrader is expected to bring strong synergies in technology and market reach. With NinjaTrader’s extensive experience in futures, Kraken can utilize such expertise to enhance its services and products in the global market.

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Kraken’s Strategy in the Crypto Derivatives Market

Kraken currently records a 24-hour derivatives trading volume of around $1.2 billion, a figure that is still far below market leaders such as Binance and OKX which record trading volumes in the tens of billions of dollars range. With the acquisition of NinjaTrader, Kraken aims to strengthen its position in the crypto derivatives market, which is a fast-growing market segment.

Arjun Sethi, co-CEO of Kraken, stated that this transaction is the first step in their vision to create an institutional-grade trading platform. The platform is expected to support trading of various assets at any time, which will expand options for traders and investors.

Regulation and US Market Focus

Kraken recently reintroduced staking services for customers in the US, after the US Securities and Exchange Commission (SEC) dismissed a lawsuit in November 2023 that accused Kraken of commingling customer and corporate funds and acting as a securities broker without registration.

By acquiring a CFTC-licensed platform through NinjaTrader, Kraken is demonstrating its commitment to complying with the evolving regulations under the Trump administration.

The focus on the US market may be an important strategy given the growth potential and clearer regulation in the region. It also signals Kraken’s efforts to strengthen its presence in the US market, which is one of the largest crypto markets in the world.

Conclusion

With the acquisition of NinjaTrader, Kraken not only expands its services but also confirms its position as a global player in the crypto market. The deal is expected to close by the end of the first half of 2025, marking a new chapter in the evolution of crypto and derivatives trading.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coindesk. Kraken Close to Buying Futures Platform NinjaTrader for $1.5B: WSJ. Accessed on March 21, 2025
• Featured Image: Cryptopolitan