Latest news with #NinjaTrader
Finextra
08-05-2025
- Business
- Finextra
Coinbase agrees $2.9bn deal to buy crypto options exchange Deribit
Coinbase has boosted its derivatives business by agreeing to buy crypto options exchange Deribit for $2.9 billion. 0 The deal will see Coinbase pay $700 million in cash and 11 million shares of its Class A common stock for Deribit, which has some $30 billion of current open interest. Coinbase says Deribit rounds out its institutional derivatives offering, adding crypto options to its US futures and international perpetual futures businesses. The deal is also expected to immediately boost profitability and add diversity and durability to trading revenues. According to Bloomberg, the agreement comes after months of talks which saw Coinbase face competition from Kraken, which eventually opted to pay $1.5 billion for NinjaTrader. Deribit CEO Luuk Strijers says: "As the leading crypto options platform, we've built a strong, profitable business, and this acquisition will accelerate the foundation we laid while providing traders with even more opportunities across spot, futures, perpetuals, and options - all under one trusted brand."
Business Mayor
03-05-2025
- Business
- Business Mayor
Kraken Q1 revenue jumps to $472 million amid Trump-era crypto volatility
EBITDA for the quarter reached $187.4 million, a 17% increase. Trading volume rose 29% amid a 35% rally in Bitcoin prices. Launch of institutional FIX API boosted futures volumes by 250%. Kraken, one of the longest-operating cryptocurrency exchanges in the United States, reported a 19% year-on-year increase in revenue for the first quarter of 2025, reaching $472 million. The jump in trading activity followed heightened price volatility across the crypto market, largely driven by the return of Donald Trump to the White House and his pro-crypto policies, which included discussions of a national Bitcoin reserve. Kraken's earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached $187.4 million, up 17% from Q1 2024. However, despite strong numbers, regulatory pressure, rising competition, and market uncertainty remain key hurdles for the company's long-term strategy. Revenue climbs on market volatility and pro-Bitcoin sentiment According to company data, Kraken's trading volume surged 29% during the January–March period, mirroring the 35% rise in Bitcoin prices — from $69,000 to $94,000 — during the same timeframe. The increased volume was partly driven by favourable sentiment following the Trump administration's commitment to explore Bitcoin as a strategic reserve asset. This policy signal helped fuel broader interest in the cryptocurrency sector, with major exchanges, including Kraken, benefiting from the resulting speculative activity. The surge in crypto valuations and trading enthusiasm also coincided with rising adoption of advanced features on the Kraken platform. The company rolled out a futures-focused FIX API during the quarter, specifically targeting institutional users. The product launch led to a 250% increase in monthly futures trading volumes, underscoring the shift towards professional-grade infrastructure. NinjaTrader acquisition adds new traders, products to portfolio Kraken expanded its offering in March 2025 by acquiring NinjaTrader for $1.5 billion. The deal added nearly 2 million traders to its ecosystem and allowed Kraken to diversify beyond cryptocurrencies into broader financial markets. With the acquisition, Kraken now offers trading in futures contracts tied to commodities, forex, and equities — a strategic pivot aimed at reducing the platform's reliance on crypto market cycles. The company said its institutional strategy will continue evolving throughout 2025, with further integrations and platform improvements in the pipeline. Its diversification into adjacent markets mirrors a trend seen across the industry, as exchanges seek to weather periods of low volatility and attract capital from outside the crypto-native audience. Challenges ahead despite strong Q1 Despite the growth, Kraken still faces key operational and competitive challenges. The exchange operates in an increasingly saturated market, with Binance, Coinbase, and several Asia-based players aggressively pursuing global market share. Maintaining user growth will likely require continued product innovation and regional expansion. The company's revenue model remains closely tied to trading volume, which makes it vulnerable to market consolidation or prolonged bearish cycles. While early 2025 benefited from speculative tailwinds, any cooling of the Bitcoin rally could impact the next quarter's results. Kraken must navigate a fluid regulatory environment. While the Trump administration has signalled support for digital assets, regulatory oversight from the Securities and Exchange Commission and other agencies continues to evolve. Global compliance requirements may also pose hurdles as Kraken pushes into new geographies, including Asia. Read More Dogecoin Bears Return: Indicators Point To More Losses In DOGE The company's blog post dated 1 May 2025 hinted at plans for expanding Kraken Pay and on-chain staking services, offering a potential path to more stable, recurring revenue. However, execution risks remain, especially as competition intensifies and regulatory clarity remains inconsistent across jurisdictions.
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
Globe and Mail
08-04-2025
- Business
- Globe and Mail
MenthorQ Launches Trading Platform Upgrade Featuring Q-Score and 9+ Trading Integrations
"This integration allows users to access MenthorQ's institutional-grade models directly within their preferred trading platforms." Q-Score and platform integrations headline MenthorQ's biggest release yet. Miami, FL - Apr 8, 2025 - MenthorQ, a rapidly growing fintech platform known for delivering institutional-grade trading tools to individual investors, announces a major upgrade to its platform—introducing cutting-edge tools and deep integration with top-tier trading platforms like NinjaTrader. The latest release delivers enhanced automation, AI-powered analytics, and MenthorQ's proprietary Q-Score, positioning retail traders to compete with institutional investors using data-driven strategies. The platform is now fully integrated with 9+ Trading Applications including TradingView, NinjaTrader, Bookmap, ATAS, Quantower, Motivewave, Sierra Chart and Tickblaze, enabling users to access MenthorQ's institutional-grade models directly within their favorite trading platforms. These integrations ensure traders can take full advantage of MenthorQ's quantitative insights and real-time level updates—without ever leaving their preferred setup. 'We're thrilled to officially integrate with the most used applications by our users,' said Fabio Ruggeri, CEO and Co-Founder of MenthorQ. 'Our goal is to meet traders where they are and arm them with the most powerful tools possible. This upgrade takes that mission to the next level.' Key Highlights of the New MenthorQ Release: Q-Score Intelligence – Analyze assets with a structured score based on momentum, seasonality, volatility, and options activity. Auto-Updating TradingView Levels – Save time with live sync, no daily uploads needed. Advanced Quant Models – Including Volatility Smile, Future Forward Curve, and enhanced SKEW. Expanded Platform Support – MenthorQ is now on NinjaTrader with full integration. Also compatible with MotiveWave, Sierra Chart, ThinkorSwim, ATAS, Metatrader, Quantower, Bookmap, and Tickblaze. Smarter Dashboards – End-of-day, intraday, and futures dashboards give traders clarity and control across multiple timeframes. Custom Drag-and-Drop UI – A fully customizable trading interface for fast, intuitive use. MenthorQ's Q-Score is poised to be a game changer for strategy-driven retail traders. By delivering a structured, multi-factor assessment of assets, it empowers retail investors to evaluate opportunities with the same level of insight traditionally reserved for institutional firms. This innovation enables individual traders to make more confident, data-backed decisions and stay competitive in today's fast-moving markets. This product launch comes at a critical time as retail traders demand smarter tools, faster analysis, and access to advanced trading models once exclusive to hedge funds and institutional firms. For more information visit About MenthorQ MenthorQ is an AI-powered fintech platform that provides institutional-grade quantitative trading tools to everyday investors. Through seamless integrations, real-time analytics, and a vibrant community of traders, MenthorQ is revolutionizing how retail traders approach financial markets.
Yahoo
21-03-2025
- Business
- Yahoo
Kraken to Buy Futures Platform NinjaTrader for $1.5 Billion
(Bloomberg) -- Kraken is acquiring retail futures trading platform NinjaTrader for $1.5 billion, allowing the crypto exchange to offer crypto futures and derivatives in the US for the first time and to expand into more traditional markets. New York Subway Ditches MetroCard After 32 Years for Tap-And-Go Amtrak CEO Departs Amid Threats of a Transit Funding Pullback Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs NYC Plans for Flood Protection Without Federal Funds NinjaTrader, which is majority-backed by Long Ridge Equity Partners, is registered as a Futures Commission Merchant with the US Commodity Futures Trading Commission, Kraken said in a statement Thursday. The transaction is subject to certain purchase price adjustments. The acquisition also accelerates Kraken's plans for equities trading and payments, the firm said. Founded in 2003, NinjaTrader provides futures trading tools to nearly two million users. NinjaTrader will continue to operate as a standalone business, Kraken said. Kraken's own licenses across the UK, Europe and Australia will help accelerate NinjaTrader's expansion in those regions, it added. 'This transaction is the first step in our vision of an institutional-grade trading platform where any asset can be traded, anytime,' said Arjun Sethi, Kraken's co-chief executive officer. Expected to close in the first half of 2025, the deal was earlier reported by the Wall Street Journal. PJT Partners served as financial adviser to Kraken, and Jones Day and Lowenstein Sandler served as legal advisers. Jefferies LLC acted as financial adviser to NinjaTrader and Choate, Hall & Stewart LLP and Katten Muchin Rosenman LLP served as legal advisers. Known officially as Payward Inc., Kraken is readying plans to go public as soon as the first quarter of next year, amid a friendlier regulatory climate in the US under President Donald Trump. The company was one of a number of major crypto firms that said they faced targeted enforcement action under the Biden Administration. Kraken settled one case from the US Securities and Exchange Commission in 2023 and continued to fight another case until the agency agreed to drop it earlier this month, with no charges or penalties. (Adds legal and financial advisers in the sixth paragraph.) Tesla's Gamble on MAGA Customers Won't Work A New 'China Shock' Is Destroying Jobs Around the World How TD Became America's Most Convenient Bank for Money Launderers The Real Reason Trump Is Pushing 'Buy American' The Future of Higher Ed Is in Austin ©2025 Bloomberg L.P. Sign in to access your portfolio
