The exchange of cryptocurrency based in San Francisco Kraken has announced a considerable increase in its financial performance for 2024, with more than doubled revenue entrances compared to the previous year.
“In 2024, we saw $ 1.5 billion entrances (increase of 128% on an annual basis) and $ 380 million in rectified ebitda”, Arjun Sethi said, Kraken’s co-cewsJanuary 31, 2025.
“During the year, customers entrusted us to $ 42.8 billion in activity on the platform and 2.5 million accounts financed,” added Sethi.
In addition, the company’s total trading volumes in 2024 reached $ 665 billion. The average revenues of Kraken per customer are now “well over $ 2,000”. Sethi said that so far exceeds any comparable statistics that the company had seen from traditional or cryptographic exchanges.
“Engaged in expansion,” says Kraken
Kraken’s latest financial results come when the company continues to explore the possibility of becoming public.
The cryptocurrency market recorded unprecedented growth in 2024, fueled by the victory of Trump and the greatest adoption.
Bitcoin Ed Ethereum, the two major cryptocurrencies by market capitalization, have reached historic tops during the year, pushing commercial volumes through important exchanges such as Kraken.
“We are also committed to expanding our scope, reducing sustainable and growingly a quarter of quarter for the decades to come – everything keeping our advantage, remaining faithful to our culture of innovation and continuing to push the boundaries as pioneers of the sector, “said the company.
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