Crypto exchange Kraken snags NinjaTrader in Q1 2025, propelling income by 19% compared to the previous year.
Kraken's latest move sees the crypto exchange snatch up U.S futures trading platform NinjaTrader in a whopping $1.5 billion deal, according to reports. This acquisition marks the largest union yet between a traditional finance platform and a crypto firm!
The details of the transaction remain under wraps, but our sources have spilled the beans on the deal's hefty price tag. Kraken's decision to buy NinjaTrader is aimed at beefing up its services by merging traditional derivatives trading with the crypto world.
As part of the acquisition, NinjaTrader will remain an independent entity within Kraken's suite of applications. But get ready for some exciting news—traders will soon have the opportunity to venture into traditional derivative products on Kraken's platform, while NinjaTrader's futures traders can now trade crypto on the futures broker's platform.
Kraken's grand plan is to introduce a batch of new asset classes, such as stocks, prediction markets, and options, to both platforms in the future. Here's what they had to say about it in a statement: "Kraken plans to introduce additional asset classes, including stocks, prediction markets, and options, to both platforms in the future."
Despite some quarterly revenue dips, Kraken's Q1 2025 financial report shows a significant leap in earnings. The crypto exchange generated an impressive $472 million in gross revenue, marking a 19% year-on-year increase. While this figure saw a 7% drop compared to the previous quarter, it's important to note that the adjusted EBITDA earnings reached $187 million, a 1% boost compared to Q1 2024 and a 17% year-on-year surge.
Trading volume also got a booster shot, rising 29% year-on-year to reach a total of $208.7 billion in transactions processed. While this quarter's total trading volume still pale in comparison to Q1 2024, it's a step in the right direction. In addition, the number of funded accounts on the platform surged 26% year-on-year, with the amount of funded accounts rising by 400,000, from 3.5 million accounts to 3.9 million.
To top it all off, Mastercard has teamed up with Kraken to expand crypto payment services across Europe. And Kraken and neobank Bunq have formed a partnership to provide trading services in more than 300 crypto assets, initially available in six European nations. Traders in the Netherlands, France, Spain, Ireland, Italy, and Belgium can now dive headfirst into the crypto world.
Stay tuned for more updates as Kraken continues to redefine the financial landscape!
- The acquisition of NinjaTrader by Kraken, worth a staggering $1.5 billion, signifies the largest fusion to date between a traditional finance platform and a crypto firm.
- Kraken's strategic purchase of NinjaTrader seeks to enhance its services, merging traditional derivatives trading with the crypto universe.
- Post-acquisition, NinjaTrader will function independently within Kraken's line of applications, yet traders can expect new opportunities to indulge in traditional derivative products on Kraken's platform.
- Futures traders on NinjaTrader's platform can now venture into crypto trading, marking a unique alliance between the two platforms.
- Kraken's vision moving forward involves the introduction of multiple asset classes, including stocks, prediction markets, and options, across both platforms starting from 2025.
- Kraken's Q1 2025 financial report revels a considerable leap in earnings, generating $472 million in gross revenue, a 19% year-on-year increase, despite a 7% quarterly drop.
- The trading volume also witnessed a 29% surge year-on-year, reaching a total of $208.7 billion in transactions processed.
- Mastercard and Kraken collaborate to broaden crypto payment services across Europe, while Kraken and neobank Bunq partner to offer trading services in over 300 crypto assets, debuting in six European countries.
