Kraken Completes Acquisition of Futures Trading Platform NinjaTrader

Kraken, one of the leading cryptocurrency exchanges, has finalized its acquisition of the U.S.-based futures trading platform NinjaTrader. The move represents a significant milestone for the company, as it continues to expand its offerings and bridge the gap between traditional finance and cryptocurrency trading.

Details of the Acquisition

According to Kraken’s latest financial report, the acquisition of NinjaTrader is the largest deal to date between a traditional finance platform and a cryptocurrency firm. While the official cost of the deal was not disclosed, reports suggest that the acquisition was valued at approximately $1.5 billion.

NinjaTrader will continue to operate as an independent entity under Kraken’s suite of applications. However, the integration will allow traders to access traditional derivative products through Kraken’s platform. Similarly, NinjaTrader users will gain access to cryptocurrency trading directly on the futures broker’s platform.

“Kraken plans to introduce additional asset classes, including stocks, prediction markets, and options, to both platforms in the future,” the company stated.

Strong Financial Performance in Q1 2025

Kraken’s acquisition aligns with its strong financial performance in Q1 2025. The company reported gross revenues of $472 million for the quarter, reflecting a 19% year-on-year growth. However, this figure marked a slight decline of 7% compared to the previous quarter’s revenue of $506.3 million.

Despite the quarterly dip, Kraken’s adjusted EBITDA earnings reached $187 million, showing a 1% increase from Q1 2024 and a 17% rise on a year-on-year basis. Furthermore, the platform experienced a 29% growth in overall trading volume compared to the same period in the previous year, processing $208.7 billion in total transactions.

Growth in User Accounts

The number of funded accounts on Kraken’s platform also saw significant growth. On a year-on-year basis, funded accounts increased by 26%, while the platform added 400,000 new accounts during the quarter, bringing the total from 3.5 million to 3.9 million.

Expanding Services Across Europe

In addition to its acquisition, Kraken recently partnered with Bunq, the second-largest neobank in the European Union, to expand its crypto trading services. Through this partnership, Bunq customers can now trade over 300 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

The service is initially available in six European countries: the Netherlands, France, Spain, Ireland, Italy, and Belgium. This collaboration reflects Kraken’s commitment to making cryptocurrency trading more accessible to a broader audience.

What’s Next for Kraken?

Kraken’s acquisition of NinjaTrader and its strategic partnerships indicate the company’s ambition to diversify its offerings and enhance its global presence. As it continues to integrate traditional financial products with cryptocurrency services, Kraken remains a key player in the evolving landscape of digital finance.

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