Crypto Exchange Kraken Says Revenue More Than Doubled Last Year

The crypto exchange Kraken, which has long-held aspirations of becoming a publicly-traded company, said revenue more than doubled during last year’s record-breaking digital asset market rally.

The San Francisco-area based trading platform’s revenue was $1.5 billion, compared with $671 million in the prior year. Adjusted earnings before items such as taxes reached $380 million in 2024. The company said it finished the year with 2.6 million funded accounts and there were $42.8 billion in assets held on the platform.

“This is what we look at, this is how we hold ourselves accountable,” Arjun Sethi, co-chief executive of the ...