Kraken to acquire Ninjatrader in a $ 1.5 billion deal: Report – TradingView News

Kraken is scheduled to obtain a future retail trading platform in the United States in a $ 1.5 billion deal, according to the Wall Street Journal, noting “people familiar with the matter.” The encryption giant is expected to officially announce the deal early in the day (Thursday).

Take advantage of the markets outside the encryption

Ninjatrader was founded in 2003, it works as a futures trader and provides trading tools for merchants. According to its website, the platform includes more than 1.8 million customers. The Kraken’s acquisition will allow the expansion of user base and the introduction of asset classes outside the encrypted currencies.

The report also clarified Kraken’s plans to expand Ninjatrader’s arrival in the United Kingdom, Europe and Australia. However, Ninjatrader is expected to continue working as an independent brand instead of Kraken’s umbrella.

Kraken, founded in 2011, is one of the oldest and largest cryptocurrencies in the United States. Interestingly, there were reports on Kraken’s plans to provide the shares listed in the United States and the stock exchange on the stock exchange under its new section, Kraken Securities, initially in two countries: the United States and the United Kingdom.

Cracks expansion boost

San Francisco also acquired a company in Cyprus earlier this year to obtain a directive license for financial tools (MIFID), allowing it to provide derivatives throughout the European Economic Zone. Financial pieces recently revealed that it had obtained a Cypriot company linked to contracts for differences (CFDs) Pu Prime brand.

Meanwhile, the Securities and Stock Exchange Committee (SEC) in the United States fell a lawsuit against KAKEN. The case was placed under the former presidency of Ginsler, who resigned when President Donald Trump took office. Mark Oida, the Chargé d’Affairs SEC chair, forms the agency to be easier for encryption and is said to reduce the enforcement enforcement team.

Kraken recently obtained an EMI license from the UK Financial behavior body (FCA) as part of the company’s growth strategy in the country.