Kraken rides the Trump tariff train to $471M Q1 revenue ahead of planned IPO
By: bitcoin ethereum news|2025/05/02 18:15:01
0
Share
According to its latest report, Kraken made $472 million in gross revenue for Q1 2025 and an adjusted EBITDA of $187 million. Kraken started the year with strong momentum. Despite a shifting market, it still delivered robust growth and disciplined execution, which is evident in its financial results. Kraken made bank in the first quarter Kraken also attracted more customers and investors in a volatile market. It recorded 26% more customers than last year, and those customers traded 29% more. Aside from the revenue, Kraken also acquired a trading platform and futures broker known as NinjaTrader. The acquisition will allow crypto traders to soon be able to seamlessly access traditional derivatives within Kraken’s trading experience while derivatives traders will be able to access crypto markets on the NinjaTrader platform. Kraken has also added new features to the brand, including Kraken Pay, a method for sending money or crypto anywhere, a new Kraken consumer app that makes it easy for investors to buy various asset classes, and asset staking. The report also showcases Kraken’s accountability as it announced the completion of its latest proof of reserves for supported cryptocurrencies as of March 31, 2025. Unlike the industry standard of relying on an auditor’s single attestation, Kraken enables clients to independently confirm that their assets are fully backed on-chain. Kraken is one of the only exchanges doing this, and it said it will continue to publish these reports every few months. Kraken’s report matters for its future plans Despite Trump’s tariffs, which damaged investor confidence and slowed trading as people took shelter in safe assets like gold, Kraken still outperformed the conditions, expanded its customer base, and increased revenue. This could encourage its IPO endeavors as it presents a positive image and makes a bullish case for why investors might want to own a piece of its stock offering. The report and the achievements also attest to the company’s overall health, which could also excite people about its future prospects. The conversation of a Kraken IPO has been making the rounds since 2022, but it looks like it could finally happen within the first three months of 2026. The exchange is reportedly monitoring the market to pick the perfect time. The Trump administration and its pro-crypto moves might have also encouraged the decision to go public. Other crypto exchanges like Coinbase have gone the IPO route in the past, and Kraken plans to be the latest. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot Source: https://www.cryptopolitan.com/kraken-471m-q1-revenue-ahead-of-ipo/
You may also like

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments
By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...

Who will own the most Bitcoin in 2026
In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
The encryption czar has left, and Trump has muted.

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC
Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic
Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have a "virtual lane" within a high-throughput blockchain to ensure their transactions can be included.

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have "virtual lanes" within a high-throughput blockchain, ensuring that their transactions can be included.

2% user contribution, 90% trading volume: The real picture of Polymarket
Is Polymarket a battleground for retail investors or an arena for institutions?

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire
From Oil Prices and Elections to Secret Negotiations, Are the US and Iran Really Heading for a Ceasefire?

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief
The "Orwellian" Term Stymies Pentagon's Supply Chain Risk Label for Anthropic

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers
Hyperliquid has captured this wave of geopolitical market trends with commodity contracts. Decentralized exchanges are moving from internal competition within the crypto industry to a genuine alternative to traditional financial infrastructure, and this direction has only just begun.

Iran War Stalemate: What Signal Should the Market Follow?
Watch the Bond Market

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?
Can technological advancement be guided, or has it already gone beyond our control?

Insider Trading Alert! Will Trump Call a Truce by End of April?
Multiple Accounts Accurately Predict War, Earn $1.8 Million

After establishing itself as the top tokenized stock, does Ondo have any new highlights?
The total market capitalization of the global stock market is about $150 trillion, while the tokenized stocks market is currently only $10 billion in size, making it akin to a nascent super market that has just cracked the door open.

BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore
Discussing topics such as governance standards, compliance frameworks, and operational infrastructure within the context of the institutionalization process

OpenClaw Founder Interview: Why the US Should Learn from China on AI Implementation
In the US, using OpenClaw may get you fired; in China, not using it may get you fired
From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments
By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...
Who will own the most Bitcoin in 2026
In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.
A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.
"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
The encryption czar has left, and Trump has muted.
From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC
Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.
A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic
Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed
