Robinhood and Kraken have both strong year-on-year (yo-y) profits in their crypto-related statistics, even if the results of quarterly over quarter (QOQ) show signs of pressure.
On July 30, the two trading platforms released their Q2 2025 income, with the growth of user activity, asseta volume and strategic product exhausts in the midst of broader market volatility.
Robinhood’s Crypto Revenue Surge
Robinhood reported a robust second quarter before 2025, largely powered by an increase in crypto activity and product diversification.
According to income presentationThe total net turnover of the platform reached $ 989 million, which marked an increase of 45% on an annual basis (yoj).
On transactions -based income, including shares, options and crypto, 65% climbed to $ 539 million. Crypto only contributed $ 160 million, a stunning increase of 98% JoJ.
The strong performance follows a jump of 32% in the crypto -trading volume, which hit $ 28 billion during the quarter.
The momentum of Robinhood in the digital assets space is supported by continuous expansion efforts.
In June the company introduced Tokenized shares for European users, with access to more than 200 tokenized versions of US shares. It also revealed plans to launch a Layer 2 protocol on arbitrum, which indicates a deeper involvement in the Ethereum ecosystem.
These strategic movements emphasize the intention of Robinhood to capture more crypto volume and to lead innovation in Tokenized financial instruments.
Kraken Post mixed results
Cracking, another important player in the American crypto -trading landscape, posted $ 411.6 million in Q2 2025 turnover, a decrease of 13% decrease quarterly over-Queen (QOQ), but still an increase of 18%. This is in line with a QoQ fall from 11% in exchange volume to $ 186.8 billion, although Yoy volume rose by 19%.
Despite the turnover dip, Kraken saw a remarkable growth of users. Financed accounts grew by 12% QoQ and 37% JoJ to 4.4 million.
This increase helped to bring the total assets on the platform to $ 43.2 billion, an increase of $ 34.9 billion the previous quarter. In particular, Kraken said that his proof-of-reserve shows that the assets of his customers are fully supported on the platform.
Arjun Sethi, Kraken Co-CEO, said:
“The report of June 2025 each shows active that is supported by more than 100 percent of the customer’s obligations. For Bitcoin and Stablecoins, the pillow is even higher. These are not minimal thresholds. These are deliberate choices that reflect how we think about risk, responsibility and trust.”
In the meantime, Kraken also expanded his market share at Spothandel, especially in Stablecoin-to-fiat pairs. The share of the stable FIAT spot volume increased from 43% to 68%, thanks to product improvements and strong demand.
In the field of regulatory side, Kraken was the first crypto exchange that was authorized by the Central Bank of Ireland under Mica, and opened access to 30 European markets. It also ensured a limited dealer license in Canada, which strengthens its compliance print.