Kraken Close to Buying Futures Platform NinjaTrader for $1.5B: WSJ

8 hours ago 2

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

What to know:

Kraken is reportedly close to a $1.5 billion deal for NinjaTrader, a U.S. futures trading platform.
This acquisition could help Kraken expand into a new asset class and boost its user base.
The announcement could come as soon as Thursday, with NinjaTrader remaining a standalone platform.

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.