Kraken is close to finalizing a $1.5 billion acquisition of the U.S. futures trading platform NinjaTrader, based on a recent report.
This acquisition could potentially allow the cryptocurrency exchange to expand into a new asset class and attract more users, as indicated by those familiar with the situation.
Additionally, the report mentioned that Kraken may announce this deal as soon as Thursday, with NinjaTrader continuing to operate as an independent platform within Kraken’s portfolio.
As of now, neither Kraken nor NinjaTrader has responded to requests for comments.