Cryptocurrency exchange Kraken revealed plans on Thursday to purchase NinjaTrader, a U.S.-based retail futures trading platform, in a $1.5 billion deal.
The move is designed to facilitate Kraken’s entry into the U.S. crypto futures market by utilizing NinjaTrader’s regulatory framework.
What Happened: The transaction, one of the largest combining traditional finance and crypto, reflects a growing trend of convergence between these sectors but also raises questions about regulatory and operational challenges ahead.
It positions Kraken to expand its offerings beyond digital assets into traditional futures trading, while NinjaTrader gains a pathway to international markets.
Established in 2003, NinjaTrader is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and provides futures trading services to roughly 2 million traders, according to company …Full story available on Benzinga.com
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