Crypto Exchange Crackon has completed its acquisition of Futures Trading Platform Ninjatrad and reported its first quarter revenue, which jumped 19% year-on, which increased to $ 471.7 million year-on-year.
Kraken Said In the May 1 report that its ninjatrader acquisition will allow its American customers access to the traditional derivative market, it will be aligned with it. Scheme of To expand its offerings and for all types of trading, there should be a go-two platform.
Ninjatrader Commodity Futures Trading Commission is a registered futures commission merchant. Last month, this Rolling Trading for some American customers over 11,000 shares and exchange-traded funds.
The deal, which Krakan had done the largest dubbing between a crypto and traditional finance firm, allows the Ninjatrader to expand to the UK, Continental Europe and Australian markets, and as Crackon is preparing an early public offering in early 2026. The company is searching for a debt package between $ 200 million and $ 1 billion to facilitate that transaction.
Crackon Revenue, trading volume falls on Trump’s return
In Q1, the $ 471.7 million revenue of Crackon marked a 19% growth from the year-first quarter, but Q4 declined by 6.8% from 2024.
The exchange reported that the trading volume fell in 9.6% quarter to $ 208.7 billion, while its custody property fell 18% to $ 34.9 billion at the same time.
Crackon blamed the drop for “the recession in overall market trade activity” as threats to implement US President Donald Trump’s broad tariffs triggered a 18% decline in the Crypto Market Cap in the quarter.
Crackon is one of the several crypto platforms, who saw a record or near-riched high in trading activity in Q4, as Trump’s November election victory gave rise to volatility of the larger-general market.
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Crackon stated that despite a “soft market”, its adjusted Ebitda – earlier earnings before interest, taxes, depreciation and refinement – jumped 1% from the previous quarter to $ 187.4 million.
The firm extended the number of accounts funded on its platform to 3.9 million in a 10% quarter-by-witter, indicating “deep customer engagement”.
Roots Informed Crackon reorganized his workforce after Arjun Sethi was appointed as a co-CEO in last October on 18 April. Seth has closed around 400 employees.
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