$BNB Kraken completes the acquisition of NinjaTrader as first-quarter revenue rises by 19%

Kraken confirmed that the acquisition of NinjaTrader is complete, allowing traditional derivatives trading for customers in the U.S. The exchange's revenue reached $471.7 million in the first quarter.

The cryptocurrency exchange Kraken has completed the acquisition of the futures trading platform NinjaTrader and reported that its first-quarter revenue increased by 19% year-over-year, reaching $471.7 million.

Kraken indicated in a report on May 1 that its acquisition of NinjaTrader will allow its customers in the U.S. to access the traditional derivatives market, aligning with its plans to expand its offerings and become the go-to platform for all types of trading.

NinjaTrader is a Registered Futures Commission Merchant with the Commodity Futures Trading Commission. Last month, it launched trading for more than 11,000 stocks and exchange-traded funds for certain U.S. customers.

The deal, which Kraken described as the largest ever made between a cryptocurrency company and a traditional finance firm, allows NinjaTrader to expand into markets in the UK, continental Europe, and Australia, and comes as Kraken prepares for an initial public offering in early 2026. The company is exploring a debt package of between $200 million and $1 billion to facilitate that transaction.