Crypto Exchange Kraken completed its acquisition of the Ninjatrader trading platform and said its first quarter revenues had jumped from 19% in annual shift to $ 471.7 million.
Kraken declared in a report on May 1 that its acquisition of Ninjatrader would give its American customers access to the traditional derivative market, aligning its plans to extend its offers and be the essential platform for all types of trading.
Ninjatrader is a merchant of the Committee of Futures registered with the Commodity Futures Trading Commission. Last month, he deployed exchanges for more than 11,000 stocks and negotiated funds on the stock market to certain American customers.
The agreement, which Kraken has nicknamed the largest ever between a crypto and a traditional financing company, allows Ninjatrader to extend to the United Kingdom, in continental Europe and the Australian markets and presents itself that Kraken is preparing for an initial public offer at the beginning of 2026. The company explores a set of debts worth 200 million dollars and 1 billion dollars to facilitate this Transaction.
Kraken returned, the commercial volume falls on the return of Trump
The turnover of $ 471.7 million in Kraken in the first quarter marked an increase of 19% compared to the quarter of the previous year, but a drop of 6.8% compared to the fourth quarter of 2024.
The scholarship said that the negotiation volume had dropped 9.6% over a quarter to 208.7 billion dollars, while the value of its keen assets dropped from $ 34.9 billion in the same time.
Kraken attributed the decline to a “slowdown in the overall market negotiation activity” while the threats of the American president Donald Trump to implement radical prices triggered an 18% drop in the market capitalization of cryptography during the quarter.
Kraken is one of the many cryptographic platforms that have experienced almost record records in commercial activity in the fourth quarter, the victory of Trump’s elections in November triggered greater than usual marketability.
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Kraken said that despite an “softening market”, its adjusted Ebitda – Benefit before interest, taxes, depreciation and amortization – jumped 1% compared to the previous quarter to 187.4 million dollars.
The company has also seen the number of accounts financed on its platform increase by 10% in quarter to 3.9 million, pointing out “the deeper commitment of customers”.
Reuters reported on April 18 that Kraken had restructured his labor market after Arjun Sethi was appointed CO-PDG last October. Sethi has dismissed around 400 employees since.
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