The post Kraken Hits Record $1.5 Billion Revenue in 2024, Marking 128% Growth appeared first on Coinpedia Fintech News
Kraken, one of the world’s leading cryptocurrency exchanges, had a record-breaking 2024, reporting $1.5 billion in revenue, a 128% increase compared to the previous year. The exchange also saw an adjusted EBITDA of $380 million, supporting its solid financial growth. “One of Kraken’s core principles from day one has been accountability – to our customers, shareholders and employees,” Kraken said.
By the end of 2024, Kraken held $42.8 billion in assets on its platform and had 2.5 million funded accounts. This shows a growing number of users and more trust in the platform. Kraken also saw $665 billion in total trading volume in 2024, showing its importance in the global crypto market.
The platform’s technical performance has been impressive too, with 99.9% uptime and sub-2 millisecond round-trip latency. Kraken has executed over 2.5 billion trades since it started, proving its ability to handle large volumes while maintaining a seamless experience for its users.
“While others chased short-term wins, we built our platform differently – steadily and methodically. We don’t get caught up in superficial stats or shallow victories. Today, with increasing regulatory clarity and industry tailwinds – not just in the U.S., but globally – we’re positioning ourselves for even greater acceleration,” the company said.
With clearer regulations around cryptocurrency and global growth, Kraken is in a strong position for 2025. The platform holds over 40% of the global stable-fiat volume market share among major centralized exchanges, showing its strength in the market.
Kraken’s impressive performance in 2024 sets it up for even more success in the future. As the cryptocurrency industry continues to grow, Kraken is positioned to lead the way in offering secure, efficient, and innovative trading solutions.