Kraken closes acquisition of NinjaTrader

Kraken, a know-how platform constructed on crypto, has introduced the completion of its acquisition of U.S. retail futures buying and selling platform NinjaTrader.

The completion of the transaction expands Kraken’s place to each conventional and crypto markets, and is a vital step within the firm’s imaginative and prescient to construct an institutional-grade buying and selling platform the place any asset might be traded, anytime.

Crypto merchants will quickly have the ability to seamlessly entry conventional derivatives in Kraken’s buying and selling expertise, and derivatives merchants will have the ability to entry crypto markets on the NinjaTrader platform.

Kraken plans to introduce extra asset lessons, together with shares, prediction markets, and choices, to each platforms sooner or later. Final month, Kraken crypto merchants started to obtain entry to commission-free buying and selling for over 11,000 U.S.-listed shares and ETFs.

NinjaTrader may even leverage Kraken’s world community of regulatory licenses and working platforms to broaden its futures companies internationally.

Kraken will proceed to function NinjaTrader as a standalone platform beneath the Kraken suite of buying and selling and funds functions.

PJT Companions served as monetary advisor to Kraken, and Jones Day and Lowenstein Sandler served as authorized advisors. Jefferies acted as monetary advisor to NinjaTrader and Choate, Corridor & Stewart LLP and Katten Muchin Rosenman LLP served as authorized advisors.

NinjaTrader capabilities shall be built-in into Kraken Professional and Kraken Desktop quickly.