PANews reports on May 2nd that, according to Cointelegraph, cryptocurrency exchange Kraken has completed the acquisition of NinjaTrader, a CFTC-registered futures broker, and reported a 19% year-on-year increase in first-quarter revenue, reaching $471.7 million.
Analysts believe that acquiring NinjaTrader will enable Kraken's US customers to enter the traditional derivatives market, aligning with its plan to expand product offerings and become the preferred platform for all types of trading. This is reportedly the largest transaction to date between a cryptocurrency and a traditional financial company.
