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.

Kraken is acquiring retail futures trading platform NinjaTrader for $1.5 billion, allowing the crypto exchange to offer crypto futures and derivatives in the US for the first time and to expand into more traditional markets.

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