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Crypto SWOT: Kraken is acquiring NinjaTrader, a retail futures trading platform, for $1.5 billion
Strengths: • Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Form, rising 80.99%. • Strategy plans to sell $500 million of dollar-denominated perpetual preferred stock, reports Bloomberg. The enterprise software company intends to use proceeds for general corporate purposes, including the acquisition of Bitcoin and for working capital. Hidden Road, a prime brokerage that focuses on cryptocurrencies and FX, is weighing options including a sale or capital raise that could value the company at more than $1 billion. Hidden Road and competitors including FalconX and Coinbase Prime ... (full story)
