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.

Kraken, the crypto exchange, agreed to acquire NinjaTrader, a futures trading platform, for $1.5B, advancing its multi-asset class ambitions, which includes plans for equities trading and payments, and strengthening its position as a 24/7 platform for professional traders,

The second-largest US-based crypto exchange by trading volume is expanding its repertoire as it prepares to go public.