Kraken nears $1.5B deal allowing it to offer US crypto futures: Report
Crypto Exchange Kraken would be on an acquisition of $ 1.5 billion in the Ninjatrader negotiation platform, a decision that would extend Kraken customers and allow him to offer future and cryptographic derivatives in the United States.
The agreement could be confirmed by the morning of March 20 in the United States, the Wall Street Journal said in a March 19 report, citing people familiar with the issue.
Kraken’s widened offers would be made possible thanks to the registration of Ninjatrader as a merchant of the Future Commission.
This decision would help Kraken ‘strategy work in several asset classes – including trading and actions paying plans – while allowing Ninjatrader to develop in the United Kingdom, in continental Europe and Australian markets, sources told WSJ.
Ninjatrader should remain an autonomous platform under Kraken.
Cointelegraph stretched out Kraken and Ninjatrader to comment but did not receive an immediate response.
Source: Wall Street Journal markets
Kraken recorded $ 1.5 billion in revenues and $ 665 billion in volume of negotiations from 2.5 million customer accounts financed on its platform in 2024, while Ninjatder recently said that its long-term trading tools were used by more than 1.8 million customers.
Kraken announced his intention to expand his offers and products of products last November when he closed his non -bubble chip market.
In relation: Australia Ament Kraken Operator $ 5 million for regulatory violations
It comes then that the American Securities and Exchange commission abandoned its trial against Kraken on March 3 after having first alleged that the cryptographic platform acted as an unregistered broker, merchant, exchange and compensation agency.
The prosecution was rejected with prejudice, without admission of reprehensible acts, no paid penalty and no modification of Kraken’s affairs.
Kraken is one of the many companies that benefit from a more relaxed regulatory environment in the United States under President Donald Trump, who has promised to make America the “cryptographic capital” of the world.
The Crypto Exchange was founded in 2011 by Thanh Luu, Michael Gronager and the former CEO Jesse Powell, who gave the reins to the former director of data analysis Amir Orad last July.
Kraken is regularly ranked among the seven to 15 largest cryptocurrency cryptocurrency scholarships, managing between $ 390 million and $ 4.4 billion in daily transactions in the last three months, according to Coingecko data.
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