Kraken Snags NinjaTrader in a Whopping $1.5 Billion Deal!

The Crypto Giant's Biggest Move Yet

Hang onto your hats, folks! Kraken just dropped a bombshell by gobbling up the U.S. futures trading platform NinjaTrader. And guess what? This beast of a deal is reportedly the biggest ever between a traditional finance platform and a crypto firm. The exact price? Shh, it's a secret, but word on the street says it's around $1.5 billion!

NinjaTrader Keeps Its Groove

Now, don't panic, NinjaTrader fans! The platform's sticking around as its own cool, separate entity under Kraken's wing. But here's the kicker: soon, you'll be able to dive into traditional derivative products on Kraken's trading platform, and NinjaTrader futures traders, you're getting a taste of crypto action on your home turf too!

And that's not all, Kraken's spilling the beans on future plans to throw stocks, prediction markets, and options into the mix on both platforms. Get ready for a wild ride!

Kraken's Numbers Are on Fire

Hold up, the news just keeps getting better! Kraken's latest quarterly financial report is sizzling with a 19% year-on-year jump in gross revenue, hitting a cool $472 million in Q1 2025. Sure, it's down 7% from the last quarter's $506.3 million, but who's counting?

And check this out: despite the dip, Kraken's adjusted EBITDA earnings soared to $187 million, up 1% from Q1 2024 and a whopping 17% year-on-year. That's what I call a comeback!

Trading volume? Oh, it's booming, baby! Kraken processed a mind-blowing $208.7 billion in total transactions, up 29% year-on-year. Alright, so it's not quite last year's $230.9 billion, but it's still enough to make your head spin!

And let's not forget the army of funded accounts, swelling by a hefty 26% year-on-year and adding 400,000 new warriors to reach a total of 3.9 million. That's a lot of folks ready to trade!

Kraken and Bunq: A Match Made in Crypto Heaven

Last but not least, Kraken's teamed up with Bunq, the second largest neobank in the EU, to bring crypto trading to the masses. Bunq customers across six European nations - the Netherlands, France, Spain, Ireland, Italy, and Belgium - can now dive into over 300 crypto assets, including the big guns like Bitcoin, Ethereum, and Solana.

So, buckle up, crypto enthusiasts! Kraken's on a roll, and it's taking the world by storm!