The acquisition positions Kraken as a major player in both traditional finance and cryptocurrency markets, expanding its multi-asset trading capabilities. By coining
Crypto exchange Kraken is acquiring trading platform NinjaTrader in a $1.5 billion deal, according to a press release on Monday. The transaction will combine two major financial players, merging traditional finance and cryptocurrency markets.
The acquisition will position Kraken as a major player in both sectors, expanding its multi-asset trading capabilities. It will also allow Kraken to offer its institutional-grade trading platform to a wider range of users.
“This transaction is the first step in our vision of an institutional-grade trading platform where any asset can be traded, anytime,” said Arjun Sethi, co-CEO of Kraken. “We are excited to have the entire NinjaTrader team join us on this journey.”
Founded in 1997, NinjaTrader is a leading provider of advanced trading technology for traders of futures, forex, and equities. The company’s products and services are used by traders of all levels of experience, from beginners to professionals.
“We are thrilled to be joining forces with Kraken to expand our mission of providing best-in-class trading technology to traders around the world,” said Martin Franchi, CEO of NinjaTrader.
The acquisition is still subject to customary closing conditions and is expected to close in 18 months.
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