By Chris Hollingworth 
Kraken, a prominent player in the cryptocurrency exchange market, recently made significant moves to expand its presence in the derivatives space in the United States. Following its acquisition of NinjaTrader for $1.5 billion, Kraken continued its strategic expansion by acquiring Small Exchange for $100 million.
The acquisition of Small Exchange marks a strategic decision by Kraken to enhance its derivatives offerings in the US market. Small Exchange, known for its innovative approach to futures products, presents Kraken with an opportunity to diversify its product portfolio and cater to a wider range of investors seeking exposure to derivatives.
By combining the capabilities of NinjaTrader and Small Exchange, Kraken aims to strengthen its position in the competitive derivatives market. This move not only allows Kraken to offer a broader range of products but also positions the exchange as a one-stop platform for traders looking to access both cryptocurrency and traditional derivatives markets.
Overall, Kraken’s acquisition of Small Exchange underscores the exchange’s commitment to growth and innovation in the derivatives space. With these strategic acquisitions, Kraken is well-positioned to capitalize on the increasing demand for derivatives products in the US market and solidify its position as a leading player in the industry.
