US-based crypto exchange Kraken has entered into a $1.5 billion deal to acquire NinjaTrader, a US-based futures trading exchange.

Kraken said on Thursday it would buy retail futures trading platform NinjaTrader for $1.5 billion, in a deal that would allow one of the world's largest cryptocurrency exchanges to expand into multiple asset classes and grow its user base.

The cryptocurrency exchange Kraken is nearing a $1.5 billion deal for NinjaTrader, a U.S. retail futures trading platform, in a bid to expand its user base and expand into other asset classes, according to people familiar with the matter.