TechFlow, May 2 — According to CoinDesk, Kraken reported in a blog post that its revenue for the first quarter of 2025 reached $472 million, up 19% year-over-year, driven primarily by market volatility during Trump's first 100 days in his second term. The exchange plans to go public in the first quarter of 2026. Adjusted EBITDA rose 17% year-over-year to $187.4 million, while trading volume increased 29% year-over-year. Kraken stated, "We also outperformed broader industry benchmarks, indicating expanded market share and deeper customer engagement." Despite an overall softening market, platform assets continued to grow during the quarter.
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