Kraken is nearing a $1.5 billion acquisition of NinjaTrader, a U.S.-based futures trading platform, to expand into crypto futures. NinjaTrader, serving 1.8 million users, is a registered Futures Commission Merchant, allowing Kraken to offer regulated crypto derivatives in the U.S. The deal aligns with Kraken’s broader strategy of diversifying into equities and payments. NinjaTrader will likely continue operating independently under Kraken’s ecosystem. The acquisition follows Kraken’s strong 2024 financial performance, reporting $1.5 billion in revenue and $380 million in adjusted earnings. An official announcement is expected soon.