Kraken, one of the leading cryptocurrency exchanges, announced significant revenue growth and operational efficiency in 2024.
Kraken's Financial Performance in 2024
The company's revenue reached $1.5 billion, marking a 128% increase compared to the previous year. An adjusted EBITDA of $380 million was also recorded.
Platform Development and Trading Activity
Client assets on the platform grew to $42.8 billion, and the number of funded accounts reached 2.5 million. Trading activity remained robust with a total volume of $665 billion. The average revenue per customer surpassed $2,000.
Kraken's Strategy and Initiatives
Kraken ensures high reliability and low latency while raising minimal external funds. The company continues to publish its Proof of Reserves to reinforce user trust. Kraken offers trading bonuses to former FTX clients to help offset trading costs.
Kraken is demonstrating sustainable growth and continues to innovate, solidifying its position among the leaders in the cryptocurrency market.
