6M
...
Crypto exchange Kraken posted $472 million in revenue for Q1 2025 showing a strong 19 percent jump from last year driven by increased trading during early market volatility under President Trump’s second term. The platform also reported a 17 percent rise in adjusted EBITDA reaching $187.4 million while trading volume soared by 29 percent compared to Q1 2024.
Kraken expanded aggressively in Q1 launching derivatives trading in the UK and acquiring NinjaTrader to boost U.S. derivatives access. It also partnered with Alpaca to offer equities and ETFs and unveiled Kraken Pay along with a pro-grade API. Monthly trading volume rose 250 percent while funded accounts increased 26 percent year over year.
The company reaffirmed its IPO target for early 2026 and welcomed the SEC’s decision to dismiss its lawsuit with prejudice ending a key regulatory hurdle. Kraken continues to gain market share and strengthen its user base despite broader economic uncertainty.
