Shocking $1.5B Deal: Kraken’s Bold Move to Snatch NinjaTrader!

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Ah, behold the Kraken, that mythical beast of the digital seas, now poised to ensnare the unsuspecting NinjaTrader in a deal that would make even Midas blush—$1.5 billion! Yes, you heard it right, a sum that could make a small nation weep with envy. 🤑

According to the illustrious scribes of The Wall Street Journal, who seem to have their ears glued to the ground, an official proclamation is expected to grace our calendars as early as Thursday, Mar. 20. Mark your diaries, dear readers, for this is a date that shall echo through the annals of trading history! 📅

With this acquisition, Kraken will wield NinjaTrader’s Futures Commission Merchant license like a knight brandishing a shiny sword, expanding its arsenal of cryptocurrency futures and derivatives products across the vast expanse of the United States. Who knew trading could be so thrilling? ⚔️

Founded in the year of our Lord 2003, NinjaTrader has been a faithful servant to over 1.8 million retail investors. This deal, my friends, is not just a mere transaction; it’s a grand invitation for Kraken to waltz into this user base while also helping NinjaTrader spread its wings into the UK, Europe, and Australia. 🌍

Fear not, for Kraken’s regulatory approvals, including its shiny Electronic Money Institution license from the UK’s Financial Conduct Authority and its MiFID license for the EU, will smooth the path ahead like butter on a hot skillet. 🧈

Now, let’s talk numbers, shall we? Kraken, with its financial muscles flexed, reported a staggering $1.5 billion in revenue for 2024, more than doubling its earnings from the previous year. According to its financial report, which I’m sure was written with a flourish, the company holds a treasure trove of $42.8 billion in assets and operates a whopping 2.5 million funded accounts. And let’s not forget the total trade volume of $665 billion for 2024—yes, billion with a ‘B’! 💰

As if this wasn’t enough, the timing of this acquisition is as fortuitous as a cat landing on its feet. Following a recent legal victory, Kraken announced on Mar. 3 that the U.S. Securities and Exchange Commission had decided to dismiss its lawsuit against it, leaving no penalties or admission of wrongdoing in its wake. A clean slate, my friends, as Kraken sails forth into the horizon of expansion! ⛵

Meanwhile, the Kraken continues to bask in the warm glow of industry recognition. According to a Mar. 19 post on its official blog, it has climbed to the illustrious 3rd position in Kaiko’s Q1 2025 exchange rankings, a leap from its humble 7th place last year. This meteoric rise is attributed to improvements in governance, security, and liquidity. And let’s not forget, it remains the 10th largest exchange by trading volume, as per the ever-reliable CoinMarketCap data. Bravo, Kraken! 🎉

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2025-03-20 07:02