Lowenstein Sandler as co-counsel with Jones Day represented Kraken, a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom, in 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.
The Lowenstein team included Ethan L. Silver, Brendan J. Koeth, Ryne Miller, and Trevor A. Levine.