What You Should Know:
- Kraken is reportedly on the brink of finalizing a $1.5 billion deal for NinjaTrader, a U.S. futures trading platform.
- This acquisition may help Kraken broaden its offerings into a new asset category and expand its user base.
- The announcement could be made as soon as Thursday, while NinjaTrader will continue to operate as a standalone entity.
In a recent report by the Wall Street Journal, it was highlighted that this deal could represent a strategic move for Kraken, enabling the exchange to tap into additional asset classes and attract more users.
Furthermore, both Kraken and NinjaTrader have yet to respond to requests for comments regarding this potential deal.
