Kraken closes acquisition of NinjaTrader
Kraken, a technology platform built on crypto, has announced the completion of its acquisition of U.S. retail futures trading platform NinjaTrader.
Kraken, a technology platform built on crypto, has announced the completion of its acquisition of U.S. retail futures trading platform NinjaTrader.
Kraken eventually plans to expand traditional securities trading to clients in the U.K., Europe, and Australia.
NinjaTrader deal makes Kraken a leader in US futures for both traditional and crypto trading, accelerating its multi-asset-class ambitions.
The deal would add a US FCM license to Kraken’s stable allowing it to offer derivative products to retail traders.
Legal proceedings launched by ASIC have seen the Australian operator of the Kraken crypto exchange ordered to pay $8 million.
The Federal Court of Australia today ruled Bit Trade Pty Ltd, the operator of the Kraken crypto exchange in Australia, failed to comply with design and distribution obligations.
Lana Sinelnikova won a wrongful dismissal claim against Retail FX and CFDs broker ActivTrades at a UK employment tribunal hearing in 2020.
The SEC has charged Kraken, with operating a crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency.
ASIC has commenced civil penalty proceedings in the Federal Court against Bit Trade Pty Ltd, provider of the Kraken crypto exchange.
To settle the SEC’s charges, Kraken agreed to immediately cease offering or selling securities through crypto asset staking services.