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Kraken Delivers Strong Performance in Q1 2025, Demonstrating Strength Through Market Cycles
Kraken has announced its financial results for the first quarter of 2025, showcasing the company’s resilience and adaptability in the face of market volatility. Despite the uncertainties in the crypto landscape, Kraken’s performance has shown that it is well-positioned to thrive during turbulent times.
Key highlights from the Q1 2025 report include:
* Revenue: Total gross revenues for the period exceeded expectations, demonstrating the company’s ability to navigate market fluctuations and adapt to changing circumstances.
* EBITDA: Excluding irregular, non-recurring, and/or discretionary expenses, Kraken’s earnings before interest, taxes, depreciation, and amortization continue to show a strong core profitability.
* Assets on Platform: The total value of assets held by the company has increased, indicating a steady growth in user trust and confidence in Kraken’s services.
* Funded Accounts: The number of funded customers with a balance greater than $0 as of the end of the quarter has also seen an increase, further emphasizing the platform’s ability to adapt to market conditions.
Total Trading Volume
Kraken’s total trading volume, which includes spot, margin, futures, and consumer exchange volumes, has shown impressive growth, demonstrating the company’s commitment to providing a robust and reliable trading environment for its users.
Average Revenue Per User (ARPU) and Quarterly Transacting Users
The average revenue per user (ARPU) has seen an increase, while quarterly transacting users have also grown. These metrics demonstrate Kraken’s capacity to generate sustainable revenue streams while continuously improving its platform.
In addition to these financial highlights, the company has made significant strides in advancing transparency and accountability. As part of this effort, Kraken is proud to announce the completion of a Proof of Reserves for supported cryptocurrencies custodied securely by the company as of March 31, 2025.
Proof of Reserves allows clients to independently verify that their assets are fully backed on-chain, providing unparalleled transparency in the crypto space. This commitment to openness and trust has been a hallmark of Kraken’s operations from the very beginning, and we will continue to prioritize this aspect moving forward.
The company remains committed to delivering long-term value for its clients, partners, and the broader ecosystem. As we move forward, it is clear that Kraken is poised to make significant strides in shaping the future of finance, with a focus on expanding our addressable market, enhancing user engagement, and building lasting competitive advantages.
With this strong start to 2025, we are excited to continue driving innovation and growth, while maintaining our commitment to transparency, accountability, and sustainability.
Source: https://blog.kraken.com/news/kraken-q1-2025-financials
