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

By: bitcoin ethereum news|2025/05/02 10:15:01
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

Raising interest rates to protect STRC and selling coins to maintain credit, this time the strategy has chosen the two most expensive paths

The rebound in BTC prices can make all problems simple.

Morning Report | Samsung announces a 265.5 trillion won investment plan, focusing on semiconductor and AI computing power data centers; Vitalik publishes an article detailing the entire technology tree behind the confusion protocol (iO) mainline

Overview of Important Market Events on June 29

In the era of AI, what is left of Bitcoin?

AI can generate a fake image, create a fake video, and even forge a person's voice. But it cannot make the entire Bitcoin network acknowledge a non-existent transaction out of thin air.

NeoSoul announced plans to integrate with the OKX Agentic Wallet, promoting AI agents' participation in the on-chain economy

After the integration is complete, the AI entity will be able to manage on-chain assets, pay service fees, and perform related on-chain operations.

Why Is Bitcoin Lagging Stocks in 2026? AI Stocks, ETF Outflows, and the Nasdaq Rally Explained

Stocks are hitting record highs while Bitcoin continues to lag. Discover why AI stocks are attracting institutional capital and what it means for crypto traders.

What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline

Peeling back its smooth trading interface to examine the underlying legal relationships and settlement processes, you will find that this is far from a simple "RWA asset revolution," but rather a complex game of interests involving spot pricing, rights ownership, and the monopoly of underlying custo...

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