Crypto Exchange Kraken ended up getting it on the Futures Trading Platform Ninjatrader and reported the first quarter income jumped 19% year-year to $ 471.7 million.
Kraken Says In a May 1 report that taking Ninjatrader will give US customers a access to traditional derivatives market, which aligns with them Plans To expand its offerings and be a go-to platform for all types of trading.
Ninjatrader is a registered Futures Commission trader along with the Commodity Futures Trading Commission. Last month, this Sinamabi Out Trading for more than 11,000 stocks and exchanges exchanged funds with some US clients.
The deal, Kraken called the biggest biggest between a crypto and traditional financial company, gives the ninjatrader to be expanded in the UK, Continental Europe and Australian Markets and arrives as Kraken prepares for an initial public offering in early 2026. to facilitate that transaction.
Kraken Revenue, trading volume falls on Trump's return
Kraken's $ 471.7 million income in Q1 was marked by a 19% increase from last year but a 6.8% fall from Q4 2024.
The exchange reported that the trading volume fell 9.6% quarter-over-quarter to $ 208.7 billion while its custodied assets fell 18% to $ 34.9 billion at the same time.
Kraken presented the collapse into a “slowing down general market trading activity” while US president Donald Trump's threats in the implementation of the sweeping of tariffs has been triggered by an 18% fall in the Crypto Market Cap in the quarter.
Kraken is one of many crypto platforms that has seen a record or near-record high in Q4 trading activity while the November election win of November has caused greater-than-common volatility in the market.
Related: Kraken rolled over ETF and accessing stock for US crypto entrepreneurs
Kraken said that despite a “softening market,” the suits EBITDA – income before interest, tax, coherence and torture – jump 1% from the previous quarter to $ 187.4 million.
The firm also saw the number of funded accounts on its platform rose by 10% quarter-on-quarter to 3.9 million, which signed “deeper contact with the client.”
Reuters reported On April 18, Kraken repaired his workers after Arjun Sethi was appointed co-Co-Co last October. Sethi has stopped around 400 employees ever since.
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