Kraken Announces Record-Breaking Revenue for 2024

Kraken, a prominent cryptocurrency exchange, reported a substantial $1.5 billion in revenue for 2024, as revealed in their latest financial statement on January 31.

CEO Dave Ripley shared on X that this figure represents more than double the previous year’s revenue and confirmed the company remains profitable.

In addition to the impressive revenue, Kraken’s platform saw significant growth, with assets reaching $42.8 billion and 2.5 million funded accounts.

Total trade volume for 2024 hit an astonishing $665 billion. Arjun Sethi, Kraken’s Co-CEO, highlighted in the report that their consistent product execution and diverse clientele have contributed to building the deepest liquidity pools in the crypto space, solidifying Kraken as a leading stable-to-fiat onramp globally.

The company claims more than 40% of the global stable-fiat market share among major centralized exchanges.

As one of the largest U.S.-based crypto exchanges, Kraken continued its success into 2025, recording $49.2 billion in spot trading volume for January alone, according to data from The Block.