ChainCatcher news, the encrypted exchange Kraken has completed the acquisition of the registered futures broker NinjaTrader from the U.S. Commodity Futures Trading Commission (CFTC), and reported a 19% year-over-year increase in first-quarter revenue, reaching $471.7 million. Although first-quarter revenue decreased by 7% quarter-over-quarter due to overall market weakness, adjusted EBITDA increased by 1% quarter-over-quarter. The exchange's total trading volume increased by 29% year-over-year, and the number of funded accounts grew by 26% year-over-year.

ChainCatcher news, Kraken announces the acquisition of the U.S. futures trading platform NinjaTrader for $1.5 billion. Digital asset futures and derivatives services can now be offered in the U.S. as NinjaTrader has obtained CFTC registration. Additionally, Kraken's regulatory licenses in the UK, EU, and Australia will support NinjaTrader's expansion in these regions.

ChainCatcher news, according to sources cited by The Wall Street Journal, Kraken is considering acquiring the forex and futures trading platform NinjaTrader for $1.5 billion.