Kraken has finalized the purchase of futures trading platform NinjaTrader and revealed a 19% rise in first-quarter revenues to $471.7 million. The acquisition of NinjaTrader aims to provide US customers access to traditional derivatives, aligning with Kraken's goal to broaden its services. NinjaTrader, a registered Futures Commission Merchant, recently introduced trading for over 11,000 stocks and ETFs to select US clients. This deal, considered the largest between a crypto and traditional finance company, enables NinjaTrader to expand to the UK, Europe, and Australia. Kraken is also preparing for an IPO in early 2026, exploring a debt package of $200 million to $1 billion. Despite a decrease in trading volume and custodied assets value, Kraken's adjusted EBITDA increased by 1% to $187.4 million, with a 10% rise in funded accounts to 3.9 million. Read more AI-generated news on: https://app.chaingpt.org/news

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