The post Kraken Revenue Hits $472 Million in Q1 2025 appeared on BitcoinEthereumNews.com.

Kraken, one of the longest-standing cryptocurrency exchanges in the United States, has announced its financial results for Q1 2025.  Revenue was $472 million, a 19% increase from the same period in 2024. However, behind these impressive figures, Kraken and the broader crypto industry still face numerous challenges that require careful analysis to understand prospects better. Overview of Kraken’s Q1 2025 Financial Performance Data from Kraken reveals that its gross revenue reached $472 million, marking a 19% year-on-year growth from 2024. The company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $187.4 million. This reflects a 17% increase over the same period.  Kraken’s Highlights. Source: Kraken This growth occurred amid significant volatility in the cryptocurrency market, particularly during the first 100 days of President Donald Trump’s second term, as pro-crypto policies spurred heightened trading activity. Several factors contributed to this performance.  First, the price volatility of Bitcoin and other major cryptocurrencies drove a surge in trading volumes across the industry. According to BeInCrypto data, Bitcoin’s price rose from $69,000 at the start of 2025 to over $94,000 by the end of March, representing a 35% increase.  This growth was bolstered by positive community sentiment following the Trump administration’s plans to establish a national Bitcoin reserve. Against this backdrop, Kraken capitalized on the increased trading wave, with its platform’s trading volume rising by 29%, directly contributing to its revenue growth. Additionally, Kraken made strategic moves to expand its operations. The company’s official blog on May 1, 2025, revealed the launch of an institutional-grade FIX API for futures trading, boosting monthly trading volumes by 250%.  Furthermore, Kraken’s $1.5 billion acquisition of NinjaTrader in March 2025 enabled the exchange to onboard nearly 2 million new traders and expand into asset classes beyond cryptocurrencies. These initiatives demonstrate Kraken’s efforts to diversify its…

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Filed under: News - @ May 2, 2025 8:28 am