Kraken has released its financial report for Q2 2025, showing significant revenue growth despite a decline in adjusted earnings.
Financial Results
Kraken reported revenue of $411.6 million for Q2 2025, an 18% increase year-over-year. However, the exchange's adjusted earnings fell by 7% compared to last year, totaling $79.7 million, down from $85.5 million in Q2 2024.
New Developments and Partnerships
Kraken also noted a 19% increase in trading volume, reaching $186.8 billion during Q2 2025. The company’s assets surged by 47%, totaling $43.2 billion, while funded accounts grew by 37% to 4.4 million. The exchange's stablecoin-to-fiat market share expanded from 43% to 68%.
Convergence of Traditional and Crypto Finance
Kraken is focusing on developing its offerings by launching new products. Recently, the exchange introduced US equities trading, allowing users to manage both stocks and crypto in one app. Additionally, 24/7 FX perpetual futures and tokenized stocks were introduced, reflecting a broader trend of integrating traditional financial instruments with crypto assets.
Kraken's financial results for Q2 2025 highlight strong revenue growth amidst challenges, alongside an active development of new products and partnerships in the merging of traditional and crypto markets.
