CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Moralis Money
coinpedia 2025-05-01 20:58:57

Kraken Announces Growth in Q1 Revenue YoY: Crypto Boom at Hand

The post Kraken Announces Growth in Q1 Revenue YoY: Crypto Boom at Hand appeared first on Coinpedia Fintech News Kraken is preparing to go public in the near future via an IPO. The surge in trading volume signals the re-emergence of FOMO crypto trading amid bullish sentiment. Bitcoin has already broken out of a major resistance and a euphoric rally is around the corner. Kraken, a veteran cryptocurrency exchange, announced the financial update for the first quarter of 2025. The cryptocurrency exchange reported a gross revenue of $471.7 million, up 19 percent YoY but down 7 percent QoQ. According to the announcement, Kraken recorded an adjusted EBITDA of $187.4 million, up 17 percent and 1 percent YoY and QoQ respectively. The company reported a total trading volume of about $208.7 billion, up 29 percent YoY but down 10 percent QoQ. What Next For Kraken Kraken exchange intends to follow Coinbase Global Inc. (NASDAQ: COIN) by going public via an IPO, potentially in the first half of 2026. The cryptocurrency exchange completed the acquisition of NinjaTrader, to enhance the combination of traditional finance and the cryptocurrency market, “We always want to be ready to be able to grow with our customers. If it’s better on behalf of our customers to have access to capital markets, we’ll do it. We’ll be able to have the ability to go public when we want to, not subject to market conditions,” Arjun Sethi, the company’s co-chief executive officer, said in an interview. Key Derivation for Crypto The notable growth in Kraken’s gross revenue and adjusted EBITDA confirms the rising demand for digital assets reported in the past year. The improving global liquidity amid the rising adoption of digital assets by institutional investors and nation-states signals a parabolic rally is on the horizon. Moreover, the United States, under President Donald Trump, is about to implement its Strategic Bitcoin Reserve . Additionally, more nations have implemented clear crypto regulations in the past few years compared to the 2021 bull cycle.

https://www.digistore24.com/redir/325658/ceobig/
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.