Jan 31, 08:33 PM

Kraken Reports $1.5 Billion Revenue in 2024, Doubling from $671 Million, with $42.8 Billion in Assets and 2.6 Million Funded Accounts

Kraken, the cryptocurrency exchange, reported a revenue of $1.5 billion for 2024, more than doubling from the previous year's revenue of $671 million. This represents a year-over-year increase of 128%. The exchange ended the year with 2.6 million funded accounts and held $42.8 billion in assets on its platform. Total trading volumes for the year reached $665 billion. Co-CEO Arjun Sethi has indicated that the company is considering a public listing as it continues to expand its operations in the volatile digital asset market.

#Kraken #Arjun Sethi

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