Kraken finalized its acquisition of NinjaTrader, the largest deal between a crypto company and a traditional finance firm. The move is part of Kraken’s strategy to broaden its offerings while also preparing for an initial public offering in early 2026.
In Q1 2025, Kraken reported a revenue of 471.7 million USD, reflecting a 19% year-on-year growth, despite a decrease in trading volume to 208.7 billion USD from market challenges. The number of funded accounts surged to 3.9 million, reflecting increased client activity.
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