Kraken Completes $1.5B NinjaTrader Acquisition; Funded Accounts Jump 26% in Q1

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Kraken Completes $1.5B NinjaTrader Acquisition; Funded Accounts Jump 26% in Q1

Thursday, 01/05/2025 | 21:00 GMT by
Jared Kirui

  • The exchange’s gross revenue increased 19% year over year during the first quarter, reaching $472 million.
  • Kraken’s acquisition deal enables it to integrate traditional derivatives into its platform, while allowing NinjaTrader users to access crypto markets.

Kraken

Kraken completed its acquisition of NinjaTrader, the prominent U.S. futures trading platform, after announcing the $1.5 billion
transaction in March. With this acquisition, Kraken aims to offer access to
traditional derivatives within Kraken’s platform, as NinjaTrader users explore crypto markets, according to the two companies.

Kraken’s Move into Multi-Asset Trading

“NinjaTrader’s mission has been to redefine retail
futures trading, making it more accessible, cost-effective, and
trader-friendly. Joining forces with Kraken allows us to take this vision to a
global scale, expanding our reach and unlocking innovative new use cases,”
said Marty Franchi, the CEO of NinjaTrader.

“Together, Kraken and NinjaTrader will power the
integration of traditional markets with crypto by offering cutting-edge tools
and the ability to rapidly move across asset classes that the most
sophisticated traders demand,” he added.

🚨 MASSIVE NEWS 🚨

Kraken is acquiring @NinjaTrader for $1.5B, locking in the largest TradFi + crypto deal ever.

Another huge milestone on our road to becoming the world’s go-to platform for trading anything, anytime, anywhere.

More details 👇https://t.co/Pdv5hiAAub

— Kraken Exchange (@krakenfx) March 20, 2025

This integration allows Kraken to offer a multi-asset
trading experience, a move that aligns with the company’s long-term vision of
building an institutional-grade platform where any asset can be traded anytime.

Kraken’s Q1 Performance Highlights

At the same time, Kraken announced its first-quarter results for 2025, highlighting a strong performance during the period. Despite a slowdown in overall
market trading activity, Kraken generated $472 million in gross revenue,
marking a 19% increase year-over-year.

Adjusted EBITDA grew by 1% sequentially, while the total exchange trading
volume rose by 29%, signaling strong client engagement and expanding market
share. According to the exchange, funded accounts increased 26% year-over-year during the first quarter.

Kraken began 2025 with strong momentum, navigating a shifting market to deliver robust topline growth and disciplined execution, as evident in our Q1 financial results:

✅ $472 million gross revenue
✅ Adjusted EBITDA of $187 million (+19% YoY)
✅ Exchange trading volume… pic.twitter.com/OL8S7jWXbA

— Kraken Exchange (@krakenfx) May 1, 2025

In addition to the acquisition deal, the company rolled out several new products in the first quarter of 2025 designed to meet the evolving needs of its growing user base.

This includes a new consumer app designed
to make wealth-building across multiple asset classes more intuitive. Meanwhile, Kraken’s staking feature is reportedly now available in 37 U.S. states and territories.

“Legacy finance and crypto have remained separate
ecosystems until today. This transaction is the first step in our vision of an
institutional-grade trading platform where any asset can be traded
anytime,” added Arjun Sethi, Kraken’s co-CEO.

Kraken completed its acquisition of NinjaTrader, the prominent U.S. futures trading platform, after announcing the $1.5 billion
transaction in March. With this acquisition, Kraken aims to offer access to
traditional derivatives within Kraken’s platform, as NinjaTrader users explore crypto markets, according to the two companies.

Kraken’s Move into Multi-Asset Trading

“NinjaTrader’s mission has been to redefine retail
futures trading, making it more accessible, cost-effective, and
trader-friendly. Joining forces with Kraken allows us to take this vision to a
global scale, expanding our reach and unlocking innovative new use cases,”
said Marty Franchi, the CEO of NinjaTrader.

“Together, Kraken and NinjaTrader will power the
integration of traditional markets with crypto by offering cutting-edge tools
and the ability to rapidly move across asset classes that the most
sophisticated traders demand,” he added.

🚨 MASSIVE NEWS 🚨

Kraken is acquiring @NinjaTrader for $1.5B, locking in the largest TradFi + crypto deal ever.

Another huge milestone on our road to becoming the world’s go-to platform for trading anything, anytime, anywhere.

More details 👇https://t.co/Pdv5hiAAub

— Kraken Exchange (@krakenfx) March 20, 2025

This integration allows Kraken to offer a multi-asset
trading experience, a move that aligns with the company’s long-term vision of
building an institutional-grade platform where any asset can be traded anytime.

Kraken’s Q1 Performance Highlights

At the same time, Kraken announced its first-quarter results for 2025, highlighting a strong performance during the period. Despite a slowdown in overall
market trading activity, Kraken generated $472 million in gross revenue,
marking a 19% increase year-over-year.

Adjusted EBITDA grew by 1% sequentially, while the total exchange trading
volume rose by 29%, signaling strong client engagement and expanding market
share. According to the exchange, funded accounts increased 26% year-over-year during the first quarter.

Kraken began 2025 with strong momentum, navigating a shifting market to deliver robust topline growth and disciplined execution, as evident in our Q1 financial results:

✅ $472 million gross revenue
✅ Adjusted EBITDA of $187 million (+19% YoY)
✅ Exchange trading volume… pic.twitter.com/OL8S7jWXbA

— Kraken Exchange (@krakenfx) May 1, 2025

In addition to the acquisition deal, the company rolled out several new products in the first quarter of 2025 designed to meet the evolving needs of its growing user base.

This includes a new consumer app designed
to make wealth-building across multiple asset classes more intuitive. Meanwhile, Kraken’s staking feature is reportedly now available in 37 U.S. states and territories.

“Legacy finance and crypto have remained separate
ecosystems until today. This transaction is the first step in our vision of an
institutional-grade trading platform where any asset can be traded
anytime,” added Arjun Sethi, Kraken’s co-CEO.

Jared Kirui

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Jared is an experienced financial journalist passionate about all things forex and CFDs.

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  • 34 Followers

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