Latest news with #KrakenPro
Business Wire
01-05-2025
- Business
- Business Wire
Kraken Completes Acquisition of NinjaTrader
CHEYENNE, Wyo.--(BUSINESS WIRE)--Kraken, a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom, today announced the completion of its acquisition of leading U.S. retail futures trading platform NinjaTrader. The completion of the transaction expands Kraken's leadership to both traditional and crypto markets, and is an important step in the company's vision to build an institutional-grade trading platform where any asset can be traded, anytime. Crypto traders will soon be able to seamlessly access traditional derivatives in Kraken's trading experience, and derivatives traders will be able to access crypto markets on the NinjaTrader platform. Kraken plans to introduce additional asset classes, including stocks, prediction markets, and options, to both platforms in the future. Last month, Kraken crypto traders began to receive access to commission-free trading for over 11,000 U.S.-listed stocks and ETFs. NinjaTrader will also leverage Kraken's global network of regulatory licenses and operating platforms to expand its futures services internationally. Kraken will continue to operate NinjaTrader as a standalone platform under the Kraken suite of trading and payments applications. PJT Partners served as financial advisor to Kraken, and Jones Day and Lowenstein Sandler served as legal advisors. Jefferies acted as financial advisor to NinjaTrader and Choate, Hall & Stewart LLP and Katten Muchin Rosenman LLP served as legal advisors. NinjaTrader capabilities will be integrated into Kraken Pro and Kraken Desktop soon. About Kraken Kraken is a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom — for the crypto economy and beyond. Millions of individuals, professional traders, and institutions around the world use Kraken to trade digital and traditional assets, including cryptocurrencies, national currencies, U.S. futures, and U.S.-listed stocks and ETFs. Kraken markets can be monitored and traded via the web or through the Kraken and Kraken Pro iOS and Android apps. Futures platforms by NinjaTrader, a Kraken company, are available on desktop, web, and mobile via
Yahoo
18-04-2025
- Business
- Yahoo
Crypto Exchange Kraken Launches FX Perpetual Futures, Offers 24/7 Trading in Forex Majors
Crypto exchange Kraken has launched FX perpetual futures, expanding into traditional markets with round-the-clock trading for major forex pairs, the company said in a blog post Friday. The first contracts, EUR/USD and GBP/USD, are now live on Kraken Pro, with more to follow. Unlike standard forex products, FX perps have no expiry and operate 24/7, mirroring crypto futures. With FX perps, Kraken is doubling down on serving institutional and professional traders looking for deeper exposure to fiat markets through a crypto-native platform, the company said. Crypto and traditional financial markets are increasingly converging. Kraken recently launched commission-free trading for U.S.-listed stocks and exchange-traded funds (ETFs), opening access to traditional financial markets from within the same platform it uses for cryptocurrencies and positioning itself to compete more directly with trading platforms like Robinhood (HOOD). "Investors increasingly expect a unified trading experience that spans crypto, FX, and equities. With our recent U.S. equities launch and the addition of FX perpetuals, Kraken is delivering a comprehensive platform designed for today's multi-asset trader," said Alexia Theodorou, head of derivatives at Kraken, in emailed comments. Kraken clients traded $5.4B in FX spot volume year-to-date, with $3.5B of it in EUR/USD and GBP/USD. The exchange is teaming up with Mastercard to let crypto holders in the U.K. and Europe spend their digital assets at more than 150 million merchants worldwide, Mastercard said earlier this month Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
15-04-2025
- Business
- Yahoo
Kraken Now Offers U.S. Stock, ETF Trading as it Preps for Possible IPO
Crypto exchange Kraken has begun offering commission-free trading for U.S.-listed stocks and exchange-traded funds (ETFs), opening access to traditional financial markets from within the same platform it uses for cryptocurrencies and positioning itself to compete more directly with platforms like Robinhood (HOOD). The move expands Kraken's business as a growing list of U.S. crypto companies aiming to go public on U.S. exchanges — joining the likes of Coinbase (COIN), Marathon Digital (MARA), and Bitdeer (BTDR), among others. The Kraken stock trading rollout begins in 10 U.S. jurisdictions including New Jersey, Connecticut and Alabama, with plans to expand access across the country and to international markets such as the U.K., Europe and Australia. Clients in these states can now buy and sell equities directly through their Kraken account using the mobile app, Kraken Pro or web interface. 'Crypto isn't just evolving, it's becoming the backbone for trading across asset classes, such as equities, commodities and currencies," said Kraken's co-CEO Arjun Sethi in a statement. "As demand for 24/7 global access grows, clients want a seamless, all-in-one trading experience.' 'Expanding into equities is a natural step for us, and paves the way for the tokenization of assets,' he continued. This move makes Kraken one of the few crypto-native companies to offer traditional asset trading alongside digital assets under a single account. The new product is offered through Kraken Securities, a FINRA-regulated entity focused on equities. By consolidating crypto and traditional finance tools, Kraken is positioning itself to compete more directly with platforms like Robinhood and Public that already cater to multi-asset investors. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
Kraken expands beyond crypto, offers U.S. stocks and ETFs trading commission-free
On Apr. 14, Kraken announced the initial rollout of commission-free trading for over 11,000 U.S.-listed stocks and ETFs in select U.S. states. The move marks the U.S.-based crypto exchange's first venture outside the crypto domain for the first time. The exchange said it will offer the trading services to clients in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama, and the District of Columbia. It will offer services to all eligible U.S. clients in a continuous, phased, national rollout. 'As demand for 24/7 global access grows, clients want a seamless, all-in-one trading experience.' Kraken co-CEO Arjun Sethi said, 'Expanding into equities is a natural step for us, and paves the way for the tokenization of assets. The future of trading is borderless, always on, and built on crypto rails—and Kraken will continue to lead this shift.' Kraken said it also offers fractional trading on over half of the listed assets, i.e., traders can trade less than one complete share of a highly priced stock through partial ownership. The exchange said that Kraken Securities LLC, the new division of the company regulated by the Financial Industry Regulatory Authority (FINRA), enables users to rotate between crypto assets and stocks. FINRA is a private corporation that acts as a self-regulatory organization for securities firms in the U.S. FINRA itself is regulated by the Securities and Exchange Commission (SEC). Users can access crypto assets and stocks on a single platform, either the Kraken mobile app, the Kraken Pro app, or the Kraken Pro web.
