Kraken's second-quarter revenue was $412 million, up 18% year over year.
2025-07-30 13:12:49
According to Bloomberg, crypto exchange Kraken said that its revenue increased in the second quarter, but adjusted earnings decreased slightly as its market share increased. The company announced that its revenue in the second quarter increased by 18% from the same period last year to $412 million; adjusted pre-tax profit reached $79.70 million, down about 7% from $85.50 million, as the company invested in new products and geographical expansion. Kraken's total trading volume for the quarter reached $186.80 billion, up 19% year-on-year. Kraken's number of funded accounts increased by 37% to 4.40 million.
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