Kraken rides the Trump tariff train to $471M Q1 revenue ahead of planned IPO

By: bitcoin ethereum news|2025/05/02 18:15:01
0
Share
copy
According to its latest report, Kraken made $472 million in gross revenue for Q1 2025 and an adjusted EBITDA of $187 million. Kraken started the year with strong momentum. Despite a shifting market, it still delivered robust growth and disciplined execution, which is evident in its financial results. Kraken made bank in the first quarter Kraken also attracted more customers and investors in a volatile market. It recorded 26% more customers than last year, and those customers traded 29% more. Aside from the revenue, Kraken also acquired a trading platform and futures broker known as NinjaTrader. The acquisition will allow crypto traders to soon be able to seamlessly access traditional derivatives within Kraken’s trading experience while derivatives traders will be able to access crypto markets on the NinjaTrader platform. Kraken has also added new features to the brand, including Kraken Pay, a method for sending money or crypto anywhere, a new Kraken consumer app that makes it easy for investors to buy various asset classes, and asset staking. The report also showcases Kraken’s accountability as it announced the completion of its latest proof of reserves for supported cryptocurrencies as of March 31, 2025. Unlike the industry standard of relying on an auditor’s single attestation, Kraken enables clients to independently confirm that their assets are fully backed on-chain. Kraken is one of the only exchanges doing this, and it said it will continue to publish these reports every few months. Kraken’s report matters for its future plans Despite Trump’s tariffs, which damaged investor confidence and slowed trading as people took shelter in safe assets like gold, Kraken still outperformed the conditions, expanded its customer base, and increased revenue. This could encourage its IPO endeavors as it presents a positive image and makes a bullish case for why investors might want to own a piece of its stock offering. The report and the achievements also attest to the company’s overall health, which could also excite people about its future prospects. The conversation of a Kraken IPO has been making the rounds since 2022, but it looks like it could finally happen within the first three months of 2026. The exchange is reportedly monitoring the market to pick the perfect time. The Trump administration and its pro-crypto moves might have also encouraged the decision to go public. Other crypto exchanges like Coinbase have gone the IPO route in the past, and Kraken plans to be the latest. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot Source: https://www.cryptopolitan.com/kraken-471m-q1-revenue-ahead-of-ipo/

-- Price

--

You may also like

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

Overview of Important Market Events on June 24

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Former SpaceX engineer reconstructs the financial execution system using first principles

Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.

Tidal Investment: We still have a positive outlook on the AI industry chain, but the reasons have changed

The intense financing by tech giants has triggered a panic of "AI peak," but the soaring capital expenditures of the five major cloud vendors and the bottlenecks in physical infrastructure indicate that the AI investment cycle is far from over; the second half of this grand performance has just begu...

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com