Leading cryptocurrency exchange Kraken announced its intention to acquire NinjaTrader for $1.5 billion, enhancing its position in the U.S. futures market.
Benefits of Acquiring NinjaTrader
NinjaTrader, known for its user-friendly interface, will remain independent under Kraken's management while leveraging its resources to enhance trading capabilities. This acquisition underscores Kraken's commitment to integrating traditional and crypto-financial sectors, marking a significant move in its futures market expansion.
Kraken's Expansion in Europe
Kraken also acquired Coin Meester B.V. (BCM), a Dutch cryptocurrency broker, strengthening its position in the European market, particularly in countries such as France and Poland. BCM users will gain access to Kraken’s extensive suite of services, including over 200 digital assets.
Kraken Expands Financial Products
Kraken recently received authorization from the UK's Financial Conduct Authority to operate as an electronic money institution. This approval allows the company to offer more financial products in the UK market, enhancing customer trust in their services.
The acquisition of NinjaTrader and expansion in Europe demonstrate Kraken's commitment to strengthening its global position and integrating diverse financial segments.
