Source: BlocknewsIt comes as the US Securities and Exchange Commission dropped its lawsuit against Kraken on March 3 after it initially alleged that the crypto platform acted as an unregistered broker, dealer, exchange and clearing agency. The suit was dismissed with prejudice, with no admission of wrongdoing, no penalties paid and no changes to Kraken’s business. Related: Australia fines Kraken operator $5M for regulatory breachesKraken is one of many firms that stand to benefit from a more relaxed regulatory environment in the US under President Donald Trump, who has promised to make America the “crypto capital” of the world.
Crypto exchange Kraken is preparing for a $1.5 billion acquisition of trading platform NinjaTrader, a move that would expand Kraken’s customer base and enable it to offer crypto futures and derivatives in the United States.
Kraken among crypto firms freed by the SECKraken posted $1.5 billion in revenue and $665 billion in trading volume from 2.5 million funded customer accounts on its platform in 2024, while NinjaTrader recently said its futures trading tools are used by over 1.8 million customers.
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Author / Journalist: Cointelegraph by Brayden Lindrea
The story "Kraken to acquire NinjaTrader for $1.5B to offer US crypto futures" has 480 words across 19 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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