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Kraken’s revenue skyrocketed to $1.5 billion in 2024 marking a monumental 128% increase from the previous year. With $42.8 billion in customer assets the cryptocurrency exchange showcases a robust health in the sector underpinned by an impressive $665 billion trading volume.
The resumption of staking services in the US positions Kraken as a key player ready to lead in fostering Bitcoin’s growth. Their proactive adaptation to regulatory landscapes and strategic enhancements in services like futures and margin trading illustrate a forward-thinking approach.
Speculation about Kraken’s potential public listing swirls as industry watchers anticipate a 2025 debut on traditional stock exchanges. This move along with their financial success spells a promising outlook for Bitcoin leading the charge in the mainstreaming of cryptocurrencies.
