US-based crypto exchange Kraken has entered into a $1.5 billion deal to acquire NinjaTrader, a US-based futures trading exchange.

The acquisition comes at a time when the crypto industry is optimistic about more relaxed regulation under U.S. President Donald Trump, who courted crypto donors during the election and promised to support the sector.

Exchange cites a more friendly regulatory environment under the Trump administration as a reason for the move toward a public listing