Kraken to launch crypto futures service in the US after completing $1.5 billion transaction

Cryptocurrency exchange Kraken will reportedly soon be able to offer cryptocurrency futures and derivatives services in the United States.
Kraken recently announced that it would launch a $1.5 billion trading platform, according to the Wall Street Journal.
The company has nearly completed its acquisition of NinjaTrader, which will enable it to offer cryptocurrency futures and derivatives.
The deal is likely to be finalized in the morning of March 20th (local time).
The acquisition comes as NinjaTrader registers as a futures broker. The acquisition underpins Kraken's strategy to integrate multiple asset classes, including equities trading and settlement plans.
It will also allow NinjaTrader to look at expanding into the UK, European and Australian markets.
Meanwhile, NinjaTrader will continue to operate as an independent platform under Kraken.