Kraken - strong financial performance in 2024

Kraken achieved $1.5 billion in revenue, a 128% increase year-over-year, supported by strong user engagement and trading activity. The company recorded $380 million in adjusted EBITDA and now holds $42.8 billion in client assets.

The platform supported a record trading volume of $665 billion, driven by increased activity in both buying and selling cryptocurrencies.

Kraken hosted 2.5 million funded accounts, with an average revenue of more than $2,000 per customer.

Source: kraken.com