The cryptocurrency exchange Kraken demonstrated impressive financial results in 2024, drawing attention with its development strategy and user trust.
Kraken's Financial Achievements in 2024
Kraken reported $1.5 billion in revenue for 2024, a 128% increase compared to the previous year. The adjusted EBITDA was $380 million, supporting the company's solid financial growth. By the end of 2024, Kraken held $42.8 billion in assets on its platform with 2.5 million funded accounts. Total trading volume for 2024 reached $665 billion.
Technical Excellence and Reliability
Kraken exhibited high levels of technical stability with 99.9% uptime and sub-2 millisecond latency. It executed over 2.5 billion trades since its inception, showcasing the exchange's ability to handle large volumes while ensuring seamless performance.
Outlook for 2025
The company looks confidently to the future, leveraging its achievements, including over 40% share of the global stable-fiat volume market. With increasing regulatory clarity and industry growth, Kraken is poised for further expansion and development.
With impressive achievements in 2024, Kraken continues to strengthen its position in the cryptocurrency industry, leading the market and offering innovative trading solutions for the future.
