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The deal could be a way for the crypto exchange to move into another asset class and increase its users.
Mar 20, 2025, 5:57 a.m. UTC
(Kraken)
What to know:
Kraken is nearing a $1.5 billion deal for U.S. futures trading platform NinjaTrader, according to a Wall Street Journal report.
The deal could be a way for the crypto exchange to move into another asset class and increase its users, the report said, citing people familiar with the matter.
The report added that Kraken could announce the deal as soon as Thursday and that NinjaTrader would remain a standalone platform under Kraken.
Kraken and NinjaTrader did not immediately respond to CoinDesk's request for comment.
Parikshit Mishra
Parikshit Mishra is CoinDesk's Regional Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
