The exchange of cryptocurrencies, based in San Francisco, Kraken announced a notable increase in its financial performance by 2024, with more than duplicate income compared to the previous year.
“In 2024, we saw income of $ 1.5 billion (128% year after year) and $ 380 million in adjusted Ebitda.” said Arjun Sethi, Kraken co-zoon January 31, 2025.
“During the year, customers entrusted us $ 42.8 billion in assets on the platform and 2.5 million accounts financed,” Sethi added.
In addition, the company’s total negotiation volumes in 2024 reached $ 665 billion. Kraken’s average income per customer is now “more than $ 2,000”. Sethi said that this far exceeds any comparable statistics that the company had seen in traditional or cryptographic exchanges.
“Committed to expand,” says Kraken
Kraken’s latest financial results occur when the company continues to explore the possibility of going over.
The cryptographic market experienced unprecedented growth in 2024, driven by Trump’s victory and greater adoption.
Bitcoin and Ethereum, the two largest cryptocurrencies for market capitalization, reached maximum of all time during the year, which caused commercial volumes in the main exchanges such as Kraken.
“We are also committed to expanding our reach, climbing in a sustainable and growing quarter to quarter in the coming decades, everything while maintain company.
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