$1.5 Billion Bet on Crypto Futures: Kraken Acquisition Could Skyrocket Bitcoin Prices

Kraken, one of the crypto exchange giants, has made a bold move, nearing a $1.5 billion deal to acquire NinjaTrader, the U.S.-based futures trading platform. If the deal is finalized, it could be a game-changer for Kraken, allowing it to directly offer crypto futures trading options to its customers in the United States. This would go on to be a huge milestone in Kraken’s expansion.

According to some private sources, Kraken is already in the advanced stages of discussions with NinjaTrader, a company with all the necessary regulatory approvals offering crypto futures to the US demographic. If Kraken’s acquisition of NinjaTrader goes through, it will allow the exchange to expand its consumer base and establish a level foothold within the crypto exchange space. It could bring Kraken to the same ballpark as Binance and CME, both exchanges that have solidified their reputation in the crypto circuit. 

By acquiring NinjaTrader, Kraken could bypass some of the regulatory hurdles and offer crypto futures trading without facing issues related to legal compliance. Kraken has been progressing consistently and has gained global traction despite facing its challenges. The latest deal aligns with its strategy of offering diverse services and gaining popularity. 

Big Positives For Bitcoin and Others

Kraken’s acquisition of the service will be noteworthy for Bitcoin (BTC), the world’s foremost crypto asset. Futures trading in Bitcoin have already witnessed billions of dollars in volume across platforms. Kraken stepping into this market could boost liquidity, which translates to more price stability. This will definitely make Bitcoin a more attractive asset for institutions that prefer regulated trading. This will also broaden access for retail investors. Other than Bitcoin, other prominent cryptocurrencies like Ethereum and Solana could also be in the range of impact should Kraken choose to incorporate them as well. 

Bitcoin Price Analysis of Last 24 Hours: Bitcoin has Wonderful Outing 

As Bitcoin continues to be the epicentre of all things crypto, its performance is being closely watched by investors and institutions alike. Yesterday was an extremely productive day for the Bitcoin price, as it reported a 3% increase.  Bitcoin started the day $82,776, with the buying pressure on the rise. The price appropriately increased as well, going to $83,149 within an hour. A death cross was seen shortly after as the price faced a short correctional phase, coming back $82,600. As the EMAs slowly converged, Bitcoin was seen in a slight upward slope, fluctuating. However, the support trendline kept climbing all day until 16:00 UTC, when Bitcoin traded at $84,800. As the RSI continued to play around the overbought region, a death cross at 16:25 on the MACD corroborated a reduction in price, pulling Bitcoin down to $84,000 at 18:10. 

Chart 1: analyzed by raodevansh18, Published on TradingView, March 20, 2025

A golden cross appeared on the MACD 5 minutes later, and Bitcoin jumped skyward, finding resistance at $85,850. The resistance, however, couldn’t stop the bullish trend as three attempts later, Bitcoin was seen continuing its rise all the way to $87,447 at the end of the day. The overbought RSI was already signaling a decline, and the onset of March 20 saw a fall in prices. The Bitcoin price fell to finally find stability around $85,700 mark. 

Bitcoin Price Prediction: Bull Run Not Over? 

BTC’s performance in the past few days has certainly disproved claims of the bull run being over. With strong buying pressure and growing investor and institutional interest, Bitcoin seems to be poised for growth. As institutions like Metaplanet and Kraken pour in for Bitcoin, the performance seems to have improved as well. For today, however, another gentle upward slope may be on the cards before seeing any rapid action. The coming few days will be monumental to decide Bitcoin’s fate for the near future.