Summarize this article with:
From NinjaTrader to Magna, including tokenized stocks xStocks, Kraken deployed over 1.6 billion dollars in acquisitions between March 2025 and February 2026. The goal: to transform a simple crypto exchange into an institutional multi-asset platform. Analysis.


In brief
- A massive acquisition strategy: in twelve months, Kraken notably bought NinjaTrader, Backed Finance AG, and Magna to build a complete ecosystem around crypto trading and infrastructure.
- Multi-asset platform objective: crypto, regulated futures, automated trading, and tokenized stocks (RWA) are now gathered…







