Crypto Exchange Kraken Close to Buying Futures Platform NinjaTrader for $1.5B: WSJ

Kraken is nearing a $1.5 billion deal for U.S. futures buying and selling platform NinjaTrader, in accordance to a Wall Street Journal report.

The deal may be a manner for the crypto trade to transfer into one other asset class and enhance its customers, the report mentioned, citing folks conversant in the matter.

The report added that Kraken may announce the deal as quickly as Thursday and that NinjaTrader would stay a standalone platform below Kraken.

Kraken and NinjaTrader didn’t instantly reply to CoinDesk’s request for remark.