Crypto exchange Kraken is on the verge of acquiring trading platform NinjaTrader for $1.5 billion.
The move would expand Kraken's customer base and allow it to offer cryptocurrency futures and derivatives in the United States.
According to a report published on March 19 by The Wall Street Journal, citing sources familiar with the matter, the deal could close on the morning of March 20.
Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world
NinjaTrader's status as a Futures Commission Merchant would allow Kraken to expand its offering.
This aligns with Kraken's strategy to diversify across asset classes, including plans for equity and payments trading, while helping NinjaTrader expand in the UK, Europe and Australia.