Crypto trade Kraken is shopping for U.S. futures buying and selling platform NinjaTrader for $1.5 billion, the firm said on Thursday.
By the acquisition, Kraken can now provide crypto futures and derivatives within the U.S. as NinjaTrader is a CFTC-licensed platform. Additionally, Kraken’s U.Ok, EU and Australian licenses will enable NinjaTrader to broaden in these areas.
“This transaction is step one in our imaginative and prescient of an institutional-grade buying and selling platform the place any asset might be traded, anytime,” mentioned Arjun Sethi, Kraken’s co-CEO.
“Becoming a member of forces with Kraken permits us to take this imaginative and prescient to a world scale, increasing our attain and unlocking progressive new use circumstances,” mentioned Marty Franchi, CEO of NinjaTrader
Earlier within the day, the Wall Avenue Journal first reported the information, citing folks aware of the matter.
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