San Francisco-based cryptocurrency exchange Kraken announced a remarkable surge in its financial performance for 2024, with revenue more than doubling compared to the previous year.
“In 2024, we saw revenue of $1.5 billion (up 128% year-over-year) and $380 million in adjusted EBITDA,” said Arjun Sethi, Kraken co-CEO, on 31 January 2025.
“During the year, clients entrusted us with $42.8 billion in assets on the platform and 2.5 million funded accounts,” Sethi added.
Furthermore, the company’s total trading volumes in 2024 reached $665 billion. Kraken’s average revenue per customer is now “well over $2,000.” Sethi said that this far surpasses any comparable statistic the company had seen from traditional or crypto exchanges.
“Committed To Expanding,” Says Kraken
Kraken’s latest financial results come as the company continues to explore the possibility of going public.
The crypto market experienced unprecedented growth in 2024, fueled by Trump’s victory and increased adoption.
Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, reached all-time highs during the year, spurring trading volumes across major exchanges like Kraken.
“We’re also committed to expanding our reach, scaling sustainably and growing quarter by quarter for decades to come — all while keeping our edge, staying true to our culture of innovation and continuing to push boundaries as industry pioneers,” the company said.
Explore: Kraken vs Coinbase – Which is Best in 2025?
Best Crypto to Buy 2025?
Jasmy crypto is rallying, as JASMY price is up 40% in a sentiment shift. Attention is also on Meme Index, a presale that raised over $3.1 million.
JASMY crypto, the token powering the Japan-based DePIN project, Jasmy, is on a roll. The token rose +40% on the last day before cooling off slightly to around 24%. The spike in interest comes at a time when the token has been on a rough patch, sliding 99% from its all-time highs.
The JASMY rally comes at an interesting time for the project. Improving sentiment explains why traders are pouring into the token, buying in waves.
Explore: JASMY Crypto Erupts 40% Overnight – What’s Going On? Best Crypto to Buy 2025?
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