San Francisco-based cryptocurrency exchange Kraken announced a remarkable surge in its financial performance for 2024, with revenue more than doubling compared to the previous year.
“In 2024, we saw revenue of $1.5 billion (up 128% year-over-year) and $380 million in adjusted EBITDA,” said Arjun Sethi, Kraken co-CEO, on 31 January 2025.
During the year, clients entrusted the platform with $42.8 billion in assets and there were 2.5 million funded accounts. Kraken reported total trading volumes reaching $665 billion. Its average revenue per customer is now significantly above $2,000, exceeding any comparable statistics from traditional or crypto exchanges.
“Committed To Expanding,” Says Kraken
The company’s recent financial results come as Kraken continues to explore going public. The cryptocurrency market experienced unprecedented growth in 2024, propelled by significant events and increased adoption.
Additionally, Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, reached all-time highs during the year, further boosting trading volumes.
“We’re also committed to expanding our reach, scaling sustainably, and growing quarter by quarter for decades to come while retaining our innovative edge,” the company stated.
Best Crypto to Buy in 2025?
Jasmy crypto has surged, with its price increasing by 40% recently. The interest in Jasmy comes during a time when it has been recovering from a 99% decline from its all-time highs. The token’s rally suggests an improving sentiment among traders, evident from the increased buying activity.
For more insights, check out JASMY Crypto Erupts 40% Overnight – What’s Going On? Best Crypto to Buy 2025?.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
