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KrakenAcquisition

Payward expands Kraken with $2B acquisition push

What happened

Kraken agreed to acquire U.S. futures brokerage NinjaTrader for $1.5 billion in March 2025.

Source

Article excerpt

Share Payward has expanded its financial infrastructure strategy beyond Kraken through regulated derivatives, tokenized equities, payments, banking services and technology offered to other financial companies. CoinDesk reported on Sept. 26 that co-CEO Arjun Sethi described Payward as one financial platform built around a shared infrastructure stack. Trading through Kraken forms one of four operating pillars alongside banking, asset management and Payward Services. The expansion comes as Payward’s revenue mix becomes less dependent on trading fees. The company reported $508 million in adjusted revenue for the second quarter of 2026, up 17% year over year. Adjusted EBITDA reached $23 million. Total platform transaction volume fell 18% year over year to $310 billion as crypto spot activity weakened. Payward said traditional futures, equities and tokenized equities grew during the quarter. Futures daily average revenue trades rose 8%. Asset-based and other revenue represented 60% of total revenue, compared with 55% one year earlier. Assets on the platform stood at $40 billion, while funded accounts reached a record 6.6 million. As crypto.news reported in August, the company changed the way it defines funded accounts after expanding its operating structure. The newer measure covers accounts across Payward platforms and can count subaccounts separately. Payward has used...

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Extracted from this sentence

Kraken agreed in March 2025 to acquire U.S. futures brokerage NinjaTrader for $1.5 billion, bringing traditional futures trading and regulatory capabilities into the group.

Extracted by Autobound

From the Signal API record
Event
Acquisition

What this signalsIntegration work after a deal often opens needs for new systems and services.

Amount
$1.5B
Takes effect
Mar 1, 2025

Companies

  • NinjaTraderTargetninjatrader.com

More acquisition signals at other companies

The full record

From the Signal API record

Numbers

Amount (USD)
$1.5B

Extraction

Confidence
100%
Detected
Sep 27, 2026
signal_type
news
signal_subtype
acquires

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/a63267ef-5915-4c5b-63c0-c23123be3f2d returns this record as JSON. POST /v1/companies/enrich returns every signal for kraken.com.

{
  "signal_id": "a63267ef-5915-4c5b-63c0-c23123be3f2d",
  "signal_type": "news",
  "signal_subtype": "acquires",
  "detected_at": "2026-09-27T06:44:00+00:00",
  "company": {
    "name": "Kraken",
    "domain": "kraken.com"
  },
  "data": {
    "url": "https://crypto.news/payward-expands-kraken-with-2b-acquisition-push/",
    "title": "Payward expands Kraken with $2B acquisition push - Crypto News",
    "excerpt": "Share Payward has expanded its financial infrastructure strategy beyond Kraken through regulated derivatives, tokenized equities, payments, banking services and technology offered to other financial companies. CoinDesk reported on Sept. 26 that co-CEO Arjun Sethi described Payward as one financial platform built around a shared infrastructure stack. Trading through Kraken forms one of four operating pillars alongside banking, asset management and Payward Services. The expansion comes as Payward’s revenue mix becomes less dependent on trading fees. The company reported $508 million in adjusted revenue for the second quarter of 2026, up 17% year over year. Adjusted EBITDA reached $23 million. Total platform transaction volume fell 18% year over year to $310 billion as crypto spot activity weakened. Payward said traditional futures, equities and tokenized equities grew during the quarter. Futures daily average revenue trades rose 8%. Asset-based and other revenue represented 60% of total revenue, compared with 55% one year earlier. Assets on the platform stood at $40 billion, while funded accounts reached a record 6.6 million. As crypto.news reported in August , the company changed the way it defines funded accounts after expanding its operating structure. The newer measure covers accounts across Payward platforms and can count subaccounts separately. Payward has used...",
    "summary": "Kraken agreed to acquire U.S. futures brokerage NinjaTrader for $1.5 billion in March 2025.",
    "planning": true,
    "image_url": "https://media.crypto.news/2023/10/crypto-news-Kraken03.webp",
    "confidence": 1,
    "published_at": "2026-09-27T06:44:00Z",
    "effective_date": "2025-03-01",
    "article_sentence": "Kraken agreed in March 2025 to acquire U.S. futures brokerage NinjaTrader for $1.5 billion, bringing traditional futures trading and regulatory capabilities into the group.",
    "amount_normalized": 1500000000,
    "related_company_name": "NinjaTrader",
    "related_company_domain": "ninjatrader.com"
  }
}

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