{"id":128420,"date":"2025-05-02T01:20:57","date_gmt":"2025-05-02T01:20:57","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128420"},"modified":"2025-05-02T01:20:57","modified_gmt":"2025-05-02T01:20:57","slug":"kraken-finalizes-ninjatrader-buy-as-q1-revenue-jumps-19","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128420","title":{"rendered":"Kraken finalizes NinjaTrader buy as Q1 revenue jumps 19%"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto exchange Kraken has completed its acquisition of the futures trading platform NinjaTrader and reported its first quarter revenues jumped 19% year-on-year to $471.7 million.<br \/>\nKraken said in a May 1 report that its NinjaTrader acquisition would give its US customers access to the traditional derivatives market, aligning with its plans to expand its offerings and be the go-to platform for all types of trading.<br \/>\nNinjaTrader is a registered Futures Commission Merchant with the Commodity Futures Trading Commission. Last month, it rolled out trading for over 11,000 stocks and exchange-traded funds to certain US clients.<br \/>\nThe deal, which Kraken dubbed the largest ever between a crypto and traditional finance firm, allows NinjaTrader to expand to the UK, continental Europe and Australian markets and comes as Kraken is preparing for an initial public offering in early 2026. The company is exploring a debt package worth between $200 million and $1 billion to facilitate that transaction.<br \/>\nKraken revenue, trading volume falls on Trump\u2019s return<br \/>\nKraken\u2019s $471.7 million revenue in Q1 marked a 19% increase from the year-ago quarter but a 6.8% fall from Q4 2024.<br \/>\nThe exchange reported that trading volume fell 9.6% quarter-over-quarter to $208.7 billion while the value of its custodied assets fell 18% to $34.9 billion over the same time.<br \/>\nKraken attributed the drop to a \u201cslowdown in overall market trading activity\u201d as US President Donald Trump\u2019s threats of implementing sweeping tariffs triggered an 18% fall in the crypto market cap over the quarter.<br \/>\nKey metrics from Kraken\u2019s Q1 report. Source: KrakenKraken is one of several crypto platforms that saw record or near-record highs in trading activity in Q4 as Trump&#8217;s November election win sparked larger-than-usual market volatility.<br \/>\nRelated: Kraken rolls out ETF and stock access for US crypto traders<br \/>\nKraken said that despite a \u201csoftening market,\u201d its adjusted EBITDA\u00a0 \u2014 earnings before interest, taxes, depreciation and amortization \u2014 jumped 1% from the previous quarter to $187.4 million.<br \/>\nThe firm also saw the number of funded accounts on its platform increase 10% quarter-on-quarter to 3.9 million, signaling \u201cdeeper client engagement.\u201d<br \/>\nReuters reported on April 18 that Kraken restructured its workforce after Arjun Sethi was appointed as co-CEO last October. Sethi has laid off around 400 employees since.<br \/>\nMagazine: Crypto wanted to overthrow banks, now it\u2019s becoming them in stablecoin fight<a href=\"https:\/\/cointelegraph.com\/news\/kraken-confirms-ninjatrader-aquisition-q1-revenue-rises?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto exchange Kraken has completed its acquisition of the futures trading platform NinjaTrader and reported its first quarter revenues jumped 19% year-on-year to $471.7 million. Kraken said in&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128420"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128420"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128420\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128420"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}