Cryptocurrency exchange Kraken to buy Ninja Trader for $1.5 billion
The acquisition comes at a time the crypto industry is optimistic about more relaxed regulation under U.S. President Donald Trump, who courted crypto donors during the election and promised to support the sector.
Industry leaders hope for policy shifts that roll back enforcement actions, encourage institutional adoption and create clearer rules for digital asset trading.
Earlier this month, the U.S. Securities and Exchange Commission dismissed a civil lawsuit accusing Kraken of operating illegally as an unregistered securities exchange.
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View Details» Kraken is the world's tenth-ranked cryptocurrency spot exchange based on traffic, liquidity, trading volumes and confidence in the legitimacy of reported trading volumes, according to trading data website CoinMarketCap.
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The deal also highlights the deepening ties between crypto companies and traditional financial firms as digital assets gain wider acceptance.
Growing demand from retail traders to access a wide range of assets — from stocks and bonds to crypto and derivatives — has
