Kraken, the second-largest US-based crypto exchange by trading volume, has made significant moves as it gears up to go public with an Initial Public Offering (IPO) early next year. In a recent development, Kraken has announced the acquisition of NinjaTrader, the leading US retail futures trading platform.
Founded in 2003, NinjaTrader boasts a user base of nearly two million traders and is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC). This acquisition marks a groundbreaking moment as it signifies the largest collaboration between traditional finance and the crypto industry.
Arjun Sethi, co-CEO of Kraken, emphasized the significance of bridging the gap between traditional financial markets and the world of cryptocurrency. He highlighted the inefficiencies of legacy banking systems and the benefits of crypto infrastructure, stating that this acquisition is a step towards creating an institutional-grade trading platform where any asset can be traded seamlessly.
Marty Franchi, CEO of NinjaTrader, echoed this sentiment, expressing the shared vision of revolutionizing retail futures trading on a global scale. By joining forces with Kraken, NinjaTrader aims to expand its reach and introduce innovative use cases that cater to the needs of sophisticated traders across different asset classes.
The collaboration between Kraken and NinjaTrader is set to pave the way for the integration of traditional markets with crypto, offering cutting-edge tools and facilitating swift movements between different asset classes. This strategic partnership is poised to redefine the landscape of trading platforms and provide traders with enhanced capabilities and opportunities.
Stay updated with the latest news and developments by following Kraken and NinjaTrader on their respective platforms. Don’t miss out on the exciting advancements in the world of crypto and traditional finance as these two industry leaders join forces to create a new era of professional trading.
As the crypto industry continues to evolve, collaborations like the one between Kraken and NinjaTrader highlight the potential for innovation and growth in the market. Keep an eye on these developments as they unfold and stay informed about the latest trends in the world of trading and finance.
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