EddieJayonCrypto

 1 Feb 25

tl;dr

Kraken's revenue surged 128% to $1.5 billion in 2024, accompanied by a $42.8 billion customer asset holding and average revenue of over $2,000 per customer. The exchange's EBITDA for the year totaled $380 million, with $665 billion in trading volume and over 2.5 million funded accounts. Kraken under...

Kraken's revenue surged 128% to $1.5 billion in 2024, driven by strategic changes and a renewed focus on core services. The exchange's EBITDA for the year totaled $380 million, with $665 billion in trading volume and over 2.5 million funded accounts. Additionally, Kraken holds $42.8 billion in customer assets, with an average revenue of over $2,000 per customer.

After a two-year hiatus, Kraken reinstated staking services in the US, available in 37 states and covering 17 digital assets, including Ethereum, Solana, and Polkadot. The exchange also expanded its futures trading offerings and is speculated to potentially go public in 2025, with Bitwise projecting a public debut.

Regulatory and market developments also saw Kraken making headlines, with the restoration of staking services in the US and plans to enhance margin trading services, providing traders with increased flexibility and higher leverage options.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 1 Feb 25
 1 Feb 25
 1 Feb 25