Kraken Makes Bold Move Into Futures with $1.5B NinjaTrader Deal
Kraken, one of the top global cryptocurrency exchanges, is set to acquire NinjaTrader for $1.5 billion as part of its push into the crypto futures and derivatives market. The move enables Kraken to offer regulated futures trading in the U.S., thanks to NinjaTrader’s status as a registered Futures Commission Merchant (FCM). This helps Kraken avoid regulatory challenges and expand its offering as a multi-asset trading platform. Both companies are expected to benefit from the deal, which will enhance product offerings and increase access to popular futures markets for retail and institutional users.
Expanding Global Reach Through Strategic Licensing
The acquisition also supports NinjaTrader’s international ambitions. Kraken holds key regulatory licenses that will help expand the platform’s reach in major markets:
- EMI license from the UK’s Financial Conduct Authority (FCA).
- MiFID license for offering crypto derivatives in the European Union.
These regulatory approvals provide NinjaTrader with a gateway into the UK, EU, and Australian markets, opening new business opportunities under a compliant framework.
Kraken’s Market Position and Performance
Kraken continues to maintain a strong market presence, ranking among the top 15 global crypto exchanges by spot trading volume over the past three months.
📊 2024 performance highlights:
- $1.5 billion in annual revenue.
- $665 billion in total trading volume.
- 2.5 million funded customer accounts.
Meanwhile, NinjaTrader serves more than 1.8 million users worldwide, known for its advanced trading tools and robust futures platform. Kraken’s financial strength ensures a smooth path to closing the deal, which represents a significant leap in Kraken’s multi-asset expansion strategy.
Legal Win Clears the Way for Growth
The acquisition follows Kraken’s legal victory in the U.S., where the SEC’s lawsuit against the exchange was dismissed on March 3. The case had accused Kraken of operating as an unregistered exchange. With no penalties and no admission of wrongdoing, the dismissal boosts Kraken’s confidence in growing its U.S. operations — particularly through a regulated partner like NinjaTrader.
What’s Next? A New Phase for Futures & Crypto Trading
The $1.5 billion acquisition marks a pivotal moment for Kraken’s growth. It strengthens the exchange’s presence in the U.S. market and expands its ability to offer diverse financial products, from crypto derivatives to regulated futures. It also opens the door for global expansion of NinjaTrader, backed by Kraken’s licenses and infrastructure. With a clear regulatory path, solid financials, and a growing product portfolio, Kraken is positioning itself as a major force in global multi-asset trading — not just crypto.
