The acquisition strengthens its position as a 24/7, ever-on technology platform built for professional traders, making it a leader in US futures in both traditional and crypto markets. It also accelerates Kraken’s multi-asset class ambitions. This includes stock trading and payment planning.

Founded in 2003, Ninjatrader provides advanced futures trading tools to nearly 2 million traders and operates as a Merchant (FCM) of the CFTC Registered Futures Commission. This transaction represents the largest transaction combining traditional finance (Tradfi) and crypto.

Ninjatrader is a reliable hub for professional futures traders. The strategic benefits of this acquisition include:

• US Futures – Ninjatrader’s CFTC Registered FCM License allows Kraken to provide crypto futures and derivatives in the US
• Unlocked global regulatory licenses and growth – Kraken’s UK Mifid, EU Mifid and Australian securities licenses will help Ninjatrader accelerate its expansion into the UK, Europe and Australia.
• Seamless Multi-Asset Trading – The ability to trade crypto, futures and traditional financial products for both Kraken and Ninjatrader clients.
• Access to elite trading tools – Clients benefit from Ninjatrader’s pro-grade analytics, execution engines and futures liquidity, combining it with Kraken’s best-in-class crypto liquidity and trading experience.

“The banking system of the 1950s, the traditional market after World War II, takes place with a delayed settlement that took several days to exchange and resolved, which closed at 4pm on ET. The crypto rail fixes these issues and operates on efficient, real-time infrastructure,” said Arjun Sethi, co-CEO of Kraken.

You can read the full press release here.

The president of Germany’s monetary authority is advocating for a central bank digital currency (CBDC).

In a question-and-answer session with economists at the Official Monetary and Financial Institutions Forum (OMFIF) think tank, the president of the Deutsche Bundesbank, Joachim Nagel, says he supports a CBDC.

The OMFIF cites Nagel saying that “CBDCs will play a role in the future resilience” of Europe and will assist in protecting the sovereignty of the Eurozone. Nagel says CBDCs are a public good that central banks should offer.

According to the think tank, the Deutsche Bundesbank president views the rise of US companies in the global payments sector as a potential threat in the future since they could be “used in a digital environment as a form of weapon,” a prospect which makes it necessary for Europe to find a backstop measure.

The think tank further cites the Deutsche Bundesbank president saying that it’s “too early to tell” how CBDCs, as well as digitalization, could impact the neutral rate of interest – the interest rate that the European Central Bank aspires to ensure inflation remains stable and the economy stays at full employment.

The OMFIF also says Nagel is opposed to Bitcoin (BTC) becoming a form of a reserve currency. The central bank president sees Bitcoin as a “digital tulip” that is the “opposite of transparent.”

“This is not something central banks should look at. This is not a liquid form of something you want on the balance sheet. We should be very cautious here.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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bitFlyer, Inc. (Head office: Minato-ku, Tokyo; Representative Director: Yuzo Kano; hereinafter referred to as “the Company”) will begin offering a Self-Trade Prevention function on bitFlyer Exchange and bitFlyer Lightning from Friday, March 15th, 2024.

This feature has been introduced on major stock exchanges around the world to prevent transactions with the same investor on both sides, that are not for the purpose of transferring assets. By providing this function, unfair transactions that mislead others into believing that the market is active will be prevented, allowing our customers to trade with more confidence. We will continue to strive to operate a fair and secure exchange.

About Self-Trading

This is a transaction in which the same person or corporate entity places a sell order and a buy order for the same assets and executes them against their own order. This is prohibited by the Financial Instruments and Exchange Act as market manipulation transactions that intentionally mislead other investors into believing that the market is active without there being an actual purpose of transferring assets. Even if there is no intent to mislead other investors into believing that themarket is active, there is a risk that such transaction may be regarded as selftrading if one’s own orders are matched.

Special Features of the STP (Self-Trade Prevention) Function Provided by bitFlyer

When a customer attempts to place a sell or buy order on bitFlyer Exchange or bitFlyer Lightning, while an opposite order has already been placed and has not yet been executed, our system will automatically determine if matching the orders would constitute a self-trade. If applicable, a warning will appear on the order screen and the order cannot be placed. STP functionality has been introduced by major stock exchanges around the world and offered against a fee by some. However, our service will be free of charge for all orders placed by our customers.

Benefits of Self-Trade Prevention

(1) Safe and Secure Trading Opportunities

After the feature is introduced, all orders will be targeted automatically, preventing unintended self-trades and allowing customers to trade with confidence.

(2) Prevention of Losing Trading Opportunities

Since customer orders are always matched with orders of other parties, it is possible to prevent lost trading opportunities and unnecessary commission payments due to unintentional self-trades.

(3) Increased Convenience for Corporate Customers

Corporate customers, mainly institutional investors, often hold multiple accounts and trades are conducted by multiple traders. With this feature, self-trades within the same corporate entity can also be prevented, making trading easier.

*We prohibit the creation of multiple accounts by the same individual. Please contact us if you intend to register as a corporate entity.

 We will continue to strive to operate a fair and secure exchange and provide services that our customers can use with confidence.

About bitFlyer, Inc.

bitFlyer was founded in 2014 with the mission to “Simplify the World with Blockchain” and has developed its crypto asset trading business globally with its group companies bitFlyer USA, Inc. and bitFlyer EUROPE S.A. bitFlyer has achieved the highest customer satisfaction* thanks to the patronage of its customers.

As a crypto asset exchange operator and a Type I Financial Instruments business operator, bitFlyer continues to expand and improve its services and aims to provide a highly liquid crypto asset exchange that satisfies as many customers as possible.

Official website: https://bitflyer.com/en-jp
*Survey: November 2022 Market Research on Crypto Asset Exchange Services

Research Organization: Japan Marketing Research Organization

Survey period: November 11, 2022 – November 25, 2022