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Kraken to buy futures platform NinjaTrader for $1.5b

The acquisition allows the crypto exchange to offer crypto futures and derivatives in the U.S. for the first time and to expand into more traditional markets. It also accelerates Kraken’s plans for equities trading and payments.

“This transaction is the first step in our vision of an institutional-grade trading platform where any asset can be traded, anytime,” said Arjun Sethi, Kraken’s co-chief executive officer.

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defi, m&a