Kraken Acquires NinjaTrader: A Major Step in Crypto Integration
Kraken, a leading crypto exchange, has finalized its acquisition of NinjaTrader, a U.S. futures trading platform. This move is meaningful as it represents the largest deal between a conventional finance platform adn a crypto firm.
While the exact cost of the acquisition remains undisclosed, it is estimated to be around $1.5 billion. The acquisition aims to expand Kraken’s offerings and boost its revenue and trading volume.
NinjaTrader will continue to operate independently under Kraken’s suite of applications. Traders will soon gain access to traditional derivative products on Kraken’s platform. Conversely, NinjaTrader’s futures traders will be able to trade crypto on their platform.
Kraken plans to introduce new asset classes like stocks,prediction markets,and options to both platforms in the future. This strategic move comes after Kraken reported a 19% year-on-year increase in gross revenue, reaching $472 million in Q1 2025.
Despite a 7% drop in quarterly revenue compared to the previous quarter, Kraken’s adjusted EBITDA earnings rose by 1% compared to Q1 2024. The firm’s trading volume also grew by 29% year-on-year, totaling $208.7 billion.
Kraken’s funded accounts increased by 26% year-on-year, with 400,000 new accounts added this quarter. The exchange has also partnered with Bunq, the second-largest neobank in the EU, to offer crypto trading services in six European countries.
This partnership allows Bunq customers to trade over 300 crypto assets, including Bitcoin, Ethereum, and Solana. The service is currently available in the Netherlands, France, Spain, Ireland, Italy, and Belgium.
