Catenaa, Friday, February 07, 2025 – Kraken, one of the largest US-based cryptocurrency exchanges, reported $1.5 billion in revenue for 2024, more than doubling its earnings from the previous year, CEO Dave Ripley announced last week.
The company’s financial report revealed significant growth, with assets under custody reaching $42.8 billion and 2.5 million funded accounts.
Kraken also processed $665 billion in total trade volume throughout the year.
“Our disciplined product execution and diverse client base have helped us build the deepest liquidity pools in crypto,” said Kraken Co-CEO Arjun Sethi.
He noted that the company now holds over 40% of the global stable-to-fiat market share among major centralized exchanges.
The firm recorded $49.2 billion in spot trading volume for January 2025 alone, according to reports.
Kraken remains a key player in the crypto market, continuing to expand despite regulatory scrutiny and market fluctuations.
