Reported 3 days ago
Kraken, a leading cryptocurrency exchange, announced its acquisition of NinjaTrader, a retail futures trading platform, for $1.5 billion. This move allows Kraken to broaden its asset offerings amidst a favorable regulatory environment under the current U.S. administration. The deal reflects the growing connection between the cryptocurrency sector and traditional finance, driven by increasing demand from retail traders for diverse assets. NinjaTrader, which serves nearly 2 million traders, will continue to operate independently under Kraken.
Source: YAHOO