Kraken Acquires Breakout

Kraken Acquires NinjaTrader for $1.5 Billion

March 21, 2025

Financial Services

Kraken has entered into an agreement to acquire NinjaTrader, the U.S. retail futures trading platform, in a deal valued at $1.5 billion subject to purchase price adjustments. NinjaTrader is majority-backed by Long Ridge Equity Partners and is expected to continue operating as a standalone platform under Kraken’s suite of trading and payments applications.

Komodo Health Acquires Breakaway Partners

July 26, 2021

Data & Analytics

Komodo Health acquired Breakaway Partners, a market access software and formulary analytics provider for the life sciences industry, to integrate real‑time market access insights with Komodo’s Healthcare Map. The deal expands Komodo’s product capabilities in formulary, policy and coverage analytics to help life sciences, payers, and providers improve patient access to effective therapies.

Kraken Acquires Staked

December 21, 2021

Payments & Fintech

Kraken has acquired Staked, a non-custodial staking infrastructure provider, for an undisclosed sum to expand its staking product lineup and offer a non-custodial alternative to its custodial staking services. The deal strengthens Kraken's capabilities across additional proof-of-stake networks and brings Staked's institutional and retail clients into Kraken's broader crypto platform.

Kraken Acquires Backed Finance AG to Expand xStocks Tokenized Equities

December 7, 2025

Payments & Fintech

Kraken has agreed to acquire Backed Finance AG, bringing the issuer of xStocks into Kraken’s platform to expand tokenized equities across global markets. The deal is intended to unify issuance, trading, and settlement for xStocks and accelerate scaling of compliance and institutional access to tokenized real-world assets.

Strava Acquires Core Assets of The Breakaway

May 22, 2025

Software

Strava has acquired the core assets of The Breakaway, a Y Combinator–backed cycling training app, to strengthen its training and analytics offerings for cyclists. The acquisition integrates The Breakaway's personalized training, ride analysis and progress-tracking features into Strava's subscription ecosystem to improve cyclist engagement and outcomes.

Bakkt Completes Acquisition of Apex Crypto

April 3, 2023

Cloud & SaaS

Bakkt Holdings, Inc. completed its acquisition of Apex Crypto LLC after securing all required regulatory approvals. The deal expands Bakkt’s cryptocurrency product offering and helps it scale through Apex Fintech Solutions’ 220+ client base, including fintechs, trading apps and neo-banks.