#Kraken Revenue Climbs 18% to $412M Despite Adjusted EBITDA Decline in Q2


Kraken has reported $411.6 million in Q2 revenue, up 18% year-over-year, while adjusted EBITDA fell 7% to $79.7 million.


The #crypto exchange attributed the mixed results to "market turbulence" and broader macro uncertainties affecting trading volumes.


Total exchange volume grew 19% year-over-year to $186.8 billion but declined 11% quarter-over-quarter.


Assets on the platform expanded 47% year-over-year to reach $43.2 billion by the end of Q2.


#Kraken expanded into commission-free equities trading in the U.S. in April and added crypto derivatives services in Europe in May.


The company is reportedly seeking $500 million at a $15 billion valuation ahead of its planned #IPO in early 2026.

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July 31, 2025 at 11:43 AM
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