Crypto Exchange Kraken said $ 472 million in revenues for the first quarter of 2025, reflecting an increase of 19% from one year to the other driven largely by increased volatility of the market at the start of President Trump’s second term.
In a press release published Thursday, the company awarded the leap of income to the increase in commercial activity in the midst of volatile conditions, despite a sequential drop of 7% compared to the fourth quarter of 2024.
Kraken sees a growth of 17% of Ebitda
The adjusted Ebitda also increased by 17% in annual sliding to $ 187.4 million, while the overall volume of negotiation on the platform jumped 29% over the same period.
“While revenues from the first quarter decreased by 7% sequentially due to the overall sweetness of the market, the adjusted Baiia increased by 1% – highlighting Kraken resilience in the middle of the seasonality,” said the company in a blog article.
The press release added that the fourth quarter of 2024 experienced an unusually high negotiation activity due to the American electoral season, which decreased during the following quarter.
Kraken, who is preparing for a potential public list in 2026, continued to diversify his offers.
The company recently acquired Ninjatrader to allow derivative trade in the United States and has extended to actions and FNB thanks to a brokerage agreement with ALPACA.
In the United Kingdom, Kraken launched negotiation derivatives this week, marking a key decision in its second market.
Kraken derivative manager Alexia Theodorou stressed that if the spot volumes and derivatives are currently similar, derivatives have significantly higher growth potential.
The exchange also introduced Kraken Pay, a new consumer -focused financial application, alongside an institutional quality API to improve professional access.
The company declared a 250% increase in the volume of monthly negotiation and an increase of 26% of one year over the other of the accounts funded during the first quarter.
“The assets on the platform continued to grow, although the value has dropped slightly due to market conditions for wider cryptography,” said the company.
Kraken has also said that she continues to gain market share and deepen customer engagement despite macroeconomic uncertainty.
The CO-PDG Arjun Sethi reaffirmed Kraken’s plans to make public, even in the midst of the feeling of IPO.
Other exchanges such as the bullish and Gemini also aroused interest in entering public procurement, although many remain cautious in the light of unpredictable political signals of the Trump administration.
Kraken Mulls 2026 IPO
Kraken is preparing for a first public offer (IPO) in the first quarter of 2026, taking advantage of what seems to be a more favorable regulatory climate under President Donald Trump.
Kraken stock exchange plans are not yet final and could change in the coming months.
As indicated, the SEC agreed in principle to reject its trial against the Kraken cryptocurrency scholarship, according to a statement from the company.
The case will be abandoned with prejudices, which means that it cannot be refined. Kraken will not admit any reprehensible act, will not pay for penalties or will not modify his commercial operations.
The SEC continued Kraken in November 2023, alleging that it operated as an unregistered securities scholarship, a broker, a compensation agency and a concessionaire.
The regulator also accused the company of ordering customer and business funds.
Kraken challenged the accusations, leading a federal judge to reign that the case had enough merit to proceed to the trial.
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