According to its latest report, Kraken made $ 472 million in gross income for Q1 2025 and a suitable EBITDA of $ 187 million.
Kraken started the year with a strong momentum. Despite a market transfer, it still brought firm growth and discipline implementation, which is evident in its financial results.
Kraken made the bank in the first quarter
Kraken More customers and investors have also been attracted to a market change. It recorded 26% more customers than last year, and customers exchanged 29% more.
In addition to revenue, Kraken also obtained a trading platform and futures broker known as Ninjatrader. Acquisition will allow crypto entrepreneurs to easily access unaccountablely accessing traditional derivatives within Kraken's trading experience as derivatives traders can access crypto markets on the Ninjatrader platform.
Kraken also added new brand features, including Kraken Pay, a procedure for shipping money or crypto anywhere, a new Kraken Consumer app that makes it easy for investors to buy different types of ownership, and asset staking.
The report also shows Kraken's responsibility as it announced the completion of the latest proof of reserves for supported cryptocurrencies on March 31, 2025.
Unlike the standard in the hope industry in an auditor's single testimony, Kraken allows clients to independently confirm that their properties are fully backed on-chain. Kraken is just one of the exchanges that does this, and it says it will continue to publish these reports every few months.
Kraken's report is important for future plans
Despite Trump's tariffs, which damaged the investor's confidence and slowed the trade as people hid in safe ownership such as gold, Kraken still raised the conditions, expanded its customer's base, and increased income.
It can encourage IPO's efforts as it presents a positive image and creates a bullish case for why investors want to have a piece of its stock offering. The report and the accomplishments also prove the company's overall health, which can also inspire people about future prospects.
Talking of a Kraken IPO has been doing cycles since 2022, but it seems to be finally happening within the first three months of 2026. The exchange has been reported monitoring the market to choose the perfect time.
The Trump administration and its pro-crypto moves may also encourage the decision to go public. Other crypto exchanges such as Coinbase have lost the IPO route in the past, and Kraken's plan to become the latest.
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