The second largest American crypto exchange due to trade volume announces an enormous increase in income and trade volume last year.
According to a new blog post, Kraken says that the income and trade volumes are doubled Compared to what it did in 2023 in 2024.
Kraken attributes his growth to the focus of the company last year on improving implementation.
“Our ruthless implementation is proven by our 2024 financial highlights, which we release for the first time in the history of Kraken.
In 2024 we saw the turnover of $ 1.5 billion (an increase of 128% on an annual basis) and $ 380 million in adapted EBITDA. During the year, customers entrusted us with $ 42.8 billion in assets on the platform and 2.5 million funded accounts. The total trade volumes in 2024 reached $ 665 billion and our average turnover per customer is now more than $ 2,000 – which every comparable stat we have seen from traditional or crypto exchanges much surpassed.
One of the core principles of Kraken from the first day was accountability – to our customers, shareholders and employees. We not only measure success on volume, but due to the quality of that volume. Not only through security, but due to the depth and the reliability of that security. Not only through accessibility, but through how seamlessly integrate our products liquidity and user experience. “
The announcement comes one day after the release of the De Inz program of Kraken.
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Featured image: Shutterstock/Catalyst Labs