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News

Kraken's Quarterly Revenue Jumped 19% in Q1

The crypto exchange did $472 million in quarterly revenue.
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May 2, 2025 • 1 min read

Kraken's Q1 2025 revenue surged 19%, boosted by trading volume growth, a strategic acquisition of NinjaTrader, and a commitment to Proof of Reserves.

What’s the Scoop?

  • Revenue Milestone: Kraken reported $472 million in revenue for Q1 2025, marking a 19% year-over-year increase.
  • Trading Volume Growth: Trading volume rose by 29%, indicating increased platform activity despite a softening crypto market.
  • Key Acquisition: Kraken completed the acquisition of NinjaTrader, merging crypto and traditional derivatives trading.
  • Proof of Reserves Commitment: Kraken reiterated its focus on transparency by completing a Proof of Reserves attestation.
  • Product Expansion: New retail and institutional products were introduced, including Kraken Pay for cross-border payments.

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