Kraken Sees 19% Revenue Growth in Q1 as Trading Activity Surges

By: coindoo|2025/05/03 10:15:01
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Despite a slight dip compared to the previous quarter, the exchange posted $187.4 million in adjusted EBITDA, up 17% from Q1 last year. The boost was largely attributed to heightened trading activity during the early months of Trump’s return to the presidency.Though the post-election frenzy cooled in Q1, Kraken still outpaced much of the market. Trading volumes jumped 29% compared to last year, while user engagement and platform activity continued climbing. The company says this reflects growing market share and deeper user involvement, even amid broader pricing headwinds.Looking beyond the numbers, Kraken has been quietly reshaping its business. It snapped up NinjaTrader to enter the U.S. derivatives market and launched equity and ETF trading via a new partnership with Alpaca. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: US Unemployment Rate Remains at 4.2% In the U.K., where it now offers derivatives as well, the exchange says futures and spot activity are running neck-and-neck, with derivatives holding greater upside potential.The company is also branching into retail and institutional services with the launch of Kraken Pay and a new API offering. Funded accounts rose 26% year-over-year, and monthly trading volume surged 250% in Q1 alone.Despite a cooling IPO market and political uncertainty, Kraken says its ambition to go public remains intact. Co-CEO Arjun Sethi reaffirmed the plan, joining other exchanges like Gemini and Bullish that have voiced similar intentions.The post Kraken Sees 19% Revenue Growth in Q1 as Trading Activity Surges appeared first on Coindoo.

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