Kraken, a major cryptocurrency exchange, has agreed to acquire NinjaTrader, a well-known U.S. retail derivatives platform, for $1.5 billion. According to the announcement , this acquisition will help Kraken expand in the U.S. futures market, marking a significant step in combining traditional finance and cryptocurrency. Kraken’s Acquisition Brings Lots of Benefits NinjaTrader, known for its easy-to-use trading platform, will operate independently under Kraken’s ownership. Even with this change, NinjaTrader will maintain its brand identity. However, the company will use Kraken’s resources and technology to improve its trading features. This partnership also provides new opportunities for NinjaTrader’s customers, allowing them to trade more future products and benefit from Kraken’s advanced systems. Intriguingly, Kraken has made the most significant deal connecting traditional finance with cryptocurrency markets. This shows Kraken’s commitment to expanding its services and helping both sectors work together. The deal also highlights Kraken’s focus on understanding and following U.S. financial laws, especially in complicated derivatives areas. It is also worth noting that the transaction is expected to close in the first half of 2025, pending regulatory approval. Once completed, Kraken will be better positioned to provide complete futures trading services for the cryptocurrency and traditional financial markets. Kraken Expand its Footprint in European Countries Meanwhile, Kraken acquired Coin Meester B.V. (BCM), a Dutch cryptocurrency broker in 2024. As reported by TheCoinRise, this move aligned with Kraken’s broader goal of expanding its presence within the European market. Furthermore, Kraken’s strengthened position through BCM will enhance its operations in the Netherlands and bolster its Virtual Assets Service Provider (VASP) role in other European countries, including France and Poland. This acquisition brings new benefits for BCM clients. Over the next several months, BCM users will gain access to Kraken’s extensive suite of services. This includes the ability to trade and invest in over 200 digital assets and a diverse portfolio designed to cater to various trading preferences. Kraken Offers More Financial Products Recall that the prominent exchange received authorization from the UK Financial Conduct Authority (FCA) some weeks ago. The authorization will allow Kraken to operate as an electronic money institution (EMI). Kraken is now officially allowed to issue electronic money (e-money) in the UK. The FCA’s endorsement allows Kraken to offer more financial products for the UK market . It is worth noting that regulatory approval is necessary for protecting consumers. With the FCA monitoring Kraken’s activities, UK customers can feel safer about their funds and the rules the company follows. This will likely help build trust in Kraken’s services, especially for new users or those cautious about using digital assets. The post Kraken Acquires NinjaTrader To Drive Futures Offering appeared first on TheCoinrise.com .
