Skip to content 
Kraken doubled its revenue in 2024 to $1.5 billion in earnings, a 128% increase from the previous year, according to its latest released financial data.
The exchange also disclosed that it holds $42.8 billion in customer assets, with an average revenue of more than $2,000 per customer.
Kraken’s earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled $380 million for the year. Meanwhile, the platform recorded $665 billion in trading volume and was supported by over 2.5 million funded accounts.
The exchange released these financials following a series of strategic adjustments, including changes in its product offerings and a renewed focus on core services.
Regulatory and market developments
The exchange made headlines by restoring staking services in the US after a two-year hiatus.
Following a $30 million settlement with the Securities and Exchange Commission (SEC) in 2023, Kraken had paused its staking service due to regulatory concerns. The reinstated service is now available to residents in 37 states, covering 17 digital assets, including Ethereum, Solana, and Polkadot.
Meanwhile, speculation continues regarding Kraken’s potential public listing. ETF issuer Bitwise has projected that the company could go public in 2025, joining a cohort of crypto firms expected to list on traditional stock exchanges, including Circle and Chainalysis.
Additionally, Kraken has expanded its futures trading offerings, introducing new perpetual and quarterly futures contracts for key cryptocurrencies. The exchange also announced plans to enhance its margin trading services, providing traders with increased flexibility and higher leverage options.
Mentioned in this article
Source link
#Kraken #revenue #surges #billion #strategic #overhaul
top altcoins, Ethereum alternatives, new cryptocurrencies
crypto trading bots, automated trading strategies, AI in cryptocurrency
Bitcoin mining, Ethereum mining, best crypto mining hardware
Bitcoin news, cryptocurrency latest news, blockchain updates
best crypto wallets, secure Bitcoin wallets, multi-currency wallets reviews
blockchain technology, fintech innovations, decentralized finance (DeFi)
crypto market analysis, Bitcoin price prediction, Ethereum forecast
cryptocurrency predictions, Bitcoin price forecast, crypto trends 2024, crypto trends 2025
live Bitcoin prices, crypto price updates, Ethereum price report
how to trade cryptocurrency, crypto trading strategies, beginner crypto trading
Welcome to “Cryptocurrency Trading,” your comprehensive destination for the latest news and analysis in the world of **cryptocurrencies** and **currency trading**. We provide rich content focused on **market analysis**, **trading strategies**, and **emerging technologies** that impact the **cryptocurrency market**. Join us to discover the **best investment opportunities** in **Bitcoin**, **Ethereum**, and other leading cryptocurrencies. Our goal is to equip you with the information you need to enhance your trading skills and achieve success in the world of **investment**. Follow us for continuously updated content that supports you in making informed decisions.
:max_bytes(150000):strip_icc()/DXYChart-e0b5e4ad84be4098b85b898cc5130aca.gif?w=150&resize=150,150&ssl=1 "Watch These U.S. Dollar Index Price Levels as Greenback Benchmark Hits 3-Year Low")
