Kraken Announces Record-Breaking Revenue for 2024
01.02.2025 20:00 1 min. read Alexander Stefanov
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.
-
1
MANTRA Unveils Program to Revolutionize Real-World Asset Tokenization
21.02.2025 17:00 2 min. read -
2
Institutions Bet Big on Crypto While Retail Investors Remain Skeptical, Says Bitwise CIO
13.02.2025 11:00 2 min. read -
3
Top 5 Crypto Discussions Stirring the Market Right Now
08.02.2025 21:00 2 min. read -
4
Argentina’s President Endorses New Crypto, But Price Crashes 90%
15.02.2025 19:00 2 min. read -
5
Kraken and Crypto.com Move to Launch Stablecoins as EU Tightens Regulations
22.02.2025 17:00 2 min. read
Peter Schiff Mocks U.S. Strategic Crypto Reserve, Jokes About His Own Bitcoin Stockpile
The U.S. government’s plan to establish a Strategic Crypto Reserve has sparked a lively debate in the crypto community, with even well-known critics like Peter Schiff joining the conversation.
US Banks Can Officially Engage in Crypto Activities Without Prior Approval
The Office of the Comptroller of the Currency (OCC), the U.S. regulator responsible for overseeing national banks, has announced that U.S. banks can now engage in specific crypto-related activities without prior approval.
Kraken Eyes Potential 2026 IPO After SEC Drops Legal Case
Kraken is exploring the possibility of going public with an initial public offering (IPO) targeted for the first quarter of 2026, according to sources familiar with the matter.
Offshore Crypto Exchanges Compared to Predatory Casinos, Analyst Warns
A crypto analyst has drawn a stark comparison between offshore crypto exchanges and massive gambling operations, claiming that the real forces behind Bitcoin and other cryptocurrencies aren’t retail investors or institutional buyers, but the unregulated futures markets.
-
1
MANTRA Unveils Program to Revolutionize Real-World Asset Tokenization
21.02.2025 17:00 2 min. read -
2
Institutions Bet Big on Crypto While Retail Investors Remain Skeptical, Says Bitwise CIO
13.02.2025 11:00 2 min. read -
3
Top 5 Crypto Discussions Stirring the Market Right Now
08.02.2025 21:00 2 min. read -
4
Argentina’s President Endorses New Crypto, But Price Crashes 90%
15.02.2025 19:00 2 min. read -
5
Kraken and Crypto.com Move to Launch Stablecoins as EU Tightens Regulations
22.02.2025 17:00 2 min. read
