NinjaTrader | Crypto

Kraken Derivatives US launched after the exchange’s acquisition of futures platform NinjaTrader earlier this year. Crypto exchange Kraken has launched a derivatives platform for US traders, offering access to CME-listed cryptocurrency futures and expanding the availability of institutional-grade trading tools. On Tuesday, the exchange announced the launch of Kraken Derivatives US, providing access to futures contracts via the Kraken Pro platform. The move expands Kraken’s product suite by expanding futures trading alongside its existing spot market offerings. According to Kraken Pro, access to Kraken Derivatives US has been rolled out initially in Vermont, West Virginia, North Dakota, Mississippi and Washington, D.C.  Read more

Kraken said its acquisition of NinjaTrader is complete, enabling traditional derivatives trading for US customers as the exchange’s revenue rose to $471.7 million in the first quarter. Crypto exchange Kraken has completed its acquisition of the futures trading platform NinjaTrader and reported its first quarter revenues jumped 19% year-on-year to $471.7 million. Kraken said in a May 1 report that its NinjaTrader acquisition would give its US customers access to the traditional derivatives market, aligning with its plans to expand its offerings and be the go-to platform for all types of trading. NinjaTrader is a registered Futures Commission Merchant with the Commodity Futures Trading Commission. Last month, it rolled out trading for over 11,000 stocks and exchange-traded funds to certain US clients. Read more