Major crypto exchange Kraken signs billion-dollar deal to acquire NinjaTrader
Crytpo exchange Kraken has secured a deal to acquire futures trading platform NinjaTrader for an estimated $1.5 billion. This transaction represents the largest TradFi + crypto deal ever, as Kraken moves towards becoming the preeminent global trading platform for various assets round-the-clock.
In a public announcement, Kraken expressed that this acquisition will bolster its standing as a 24/7 trading technology platform catering to professional traders. The statement added that the deal marks the first step in realizing the vision of an institutional-grade platform where any asset could be traded at any time.
Established in 2003, NinjaTrader offers futures trading tools and is registered with the CFTC. The acquisition will enable Kraken to integrate traditional derivatives into its platform, thereby providing NinjaTrader users with access to burgeoning crypto markets. Moreover, NinjaTrader will utilize Kraken's global network of regulatory licenses and platforms to expand its futures services beyond U.S. borders.
Reports earlier in March suggested that Kraken might go public in Q1 2026, as regulations in the U.S. crypto market undergo changes. However, no official announcements regarding this matter have been made thus far.
Kraken posted a revenue increase of 19% year-on-year to $472 million in Q1 2025, albeit a 7% decrease from the previous quarter. The acquisition of NinjaTrader is viewed as part of Kraken's strategy to accelerate its multi-asset class aspirations.
As a result of this deal, Kraken strengthens its position as a wide-ranging trading technology platform capable of facilitating trades in a diverse range of assets, from cryptocurrencies to traditional derivatives. This strategic move could pave the way for future endeavors, potentially including a public listing, though no official announcements have been made to this effect.
Kraken's acquisition of NinjaTrader, valued at approximately $1.5 billion, will transform Kraken into a comprehensive 24/7 trading technology platform, offering professional traders access to both traditional derivatives and cryptocurrency markets. By integrating NinjaTrader's tools with its own, Kraken aims to realize the vision of an institutional-grade platform where any asset can be traded at any time.
