We are delighted to announce that we have entered into an agreement to acquire Ninjatrader, the main US retail negotiation platform, for 1.5 billion dollars, subject to certain purchase price adjustments.
This acquisition strengthens our position as a technological platform still on 24/7 built for professional merchants, which makes us a leader in American future for traditional and cryptographic markets. It also accelerates the ambitions of the multi-active class of Kraken, which include plans for trading actions and payments.
Founded in 2003, Ninjatrader provides advanced trading tools to nearly two million merchants and operates as a merchant of the future commission (FCM). This transaction marks the most important agreement combining traditional finance (tradfi) and crypto.
Ninjatrader is a confidence center for professional traders. With this acquisition, the strategic advantages include:
- US Futures – The FCM license recorded by CFTC of Ninjatrader allows Kraken to offer future cryptographic and derivatives in the United States
- Overall regulatory license and growth unlocked – Kraken’s UK Mifid, EU Mifid and the Australian securities licenses accelerate the expansion of Ninjatrader in the United Kingdom, Europe and Australia.
- Seamless multi-active trading – For customers of Kraken and Ninjatrader, the ability to exchange cryptography, future and traditional financial products.
- Access to elite trading tools – Customers will benefit from the pro-grade analysis of Ninjatrader, execution engines and long-term liquidity, combined with the liquidity experience of cryptography and trading of the best class of Kraken.
“Traditional markets operate on banking systems after the Second World War in the 1950s, the exchanges which firmly at 4 pm and the delays in settlement which are working to resolve. Arjun Sethi, Kraken Co-PDG.
You can read the full press release here.
