- Kraken is preparing to go public in the near future by an IPO.
- Advancement in trading volume indicates the re -emergence of Fomo crypto trading in the middle of bullish sentiment.
- Bitcoin is already broken into a major resistance and an euphoric rally is around the corner.
Kraken, a veteran cryptocurrency exchange, announced the financial update for the first quarter of 2025. The cryptocurrency exchange reported a gross revenue of $ 471.7 million, up to 19 percent yoy but down 7 percent QOQ.
According to the announcement, Kraken recorded a suitable EBITDA of $ 187.4 million, up to 17 percent and 1 percent yoy and QOQ respectively. The company reported a total trading volume of nearly $ 208.7 billion, up to 29 percent yoy but dropped 10 percent QOQ.
What is next for Kraken
The Kraken Exchange aims to follow Coinbase Global Inc. (NASDAQ: Coin) By going public by an IPO, which is potential in the first half of 2026. The cryptocurrency exchange completed the acquisition of the ninjatrader, to enhance the combination of traditional finances and cryptocurrency markets,
“We always want to be prepared to grow with our customers. If it is better on behalf of our customers to have access to capital markets, we will do this. We will be able to have the ability to go public when we wish, not subject to market conditions,” Arjun Sethi, the company's co-chief executive officer, Says an interview.
Key derivation for crypto
The well -known growth in the revenue of Kraken and the Subject EBITDA confirms the rising demand for digital assets reported last year. Improving global liquidity amid rising adoption of digital assets of institutional investors and countries-signal signs of a parabolic rally is on the horizon.
In addition, the United States, under President Donald Trump, is about to implement the Strategic Bitcoin strategic reserve. In addition, many countries have implemented clear crypto regulations in recent years compared to the 2021 bull cycle.
