Kraken’s Q2 profits dwindled from the corresponding period last year
The post Kraken’s Q2 profits dwindled from the corresponding period last year appeared on BitcoinEthereumNews.com. Kraken, the long-established cryptocurrency exchange, saw its Q2 profits decline despite higher revenue. The crypto exchange reported $411.6 million in revenue for the quarter, an 18% increase from Q2 2024. However, adjusted earnings dropped 7% year-over-year to $79.7 million, down from $85.5 million. Kraken attributed the dip in profits to U.S. tariffs and broader macroeconomic uncertainties. Kraken is expanding its asset offerings The results reflect the company’s ongoing transition from a crypto-only platform to a full-fledged multi-asset trading ecosystem. Kraken says it’s “in build mode” as it explores beyond crypto. The company explained that it is on track to develop a multi-asset platform incorporating crypto, stocks, and tokenized assets. Its stated mission now is to provide universal access to trading—any asset, at any time, in any place. It introduced new products and expanded its infrastructure in Q2, including enabling US equities trading on its app. It followed up with 24/7 FX perpetual futures in April and xStocks in June, tokenized blue-chip stocks and ETFs. The company also noted it improved product deployment speed and platform performance with focused marketing initiatives that yielded high and cost-effective ROI. The quarterly performance, however, is down from Q1, slipping 13% revenue from $478 million to $412 million in Q2. Trading volumes also slowed from the first quarter of the year; however, the exchange still posted a 19% year-over-year increase in Q2 2025, with total volume reaching $186.8 billion. Furthermore, the exchange saw its assets rise sharply by 47% to $43.2 billion, while the number of funded accounts grew to 4.4 million, up 37%. Its market share in stablecoin-to-fiat pairs improved markedly, rising from 43% to 68%. However, its adjusted EBITDA tumbled 57% in Q2 to $80 million, compared to $187 million in Q1. Kraken is reportedly looking to secure $500 million in funding at…
The post Kraken’s Q2 profits dwindled from the corresponding period last year appeared on BitcoinEthereumNews.com.
Kraken, the long-established cryptocurrency exchange, saw its Q2 profits decline despite higher revenue. The crypto exchange reported $411.6 million in revenue for the quarter, an 18% increase from Q2 2024. However, adjusted earnings dropped 7% year-over-year to $79.7 million, down from $85.5 million. Kraken attributed the dip in profits to U.S. tariffs and broader macroeconomic uncertainties. Kraken is expanding its asset offerings The results reflect the company’s ongoing transition from a crypto-only platform to a full-fledged multi-asset trading ecosystem. Kraken says it’s “in build mode” as it explores beyond crypto. The company explained that it is on track to develop a multi-asset platform incorporating crypto, stocks, and tokenized assets. Its stated mission now is to provide universal access to trading—any asset, at any time, in any place. It introduced new products and expanded its infrastructure in Q2, including enabling US equities trading on its app. It followed up with 24/7 FX perpetual futures in April and xStocks in June, tokenized blue-chip stocks and ETFs. The company also noted it improved product deployment speed and platform performance with focused marketing initiatives that yielded high and cost-effective ROI. The quarterly performance, however, is down from Q1, slipping 13% revenue from $478 million to $412 million in Q2. Trading volumes also slowed from the first quarter of the year; however, the exchange still posted a 19% year-over-year increase in Q2 2025, with total volume reaching $186.8 billion. Furthermore, the exchange saw its assets rise sharply by 47% to $43.2 billion, while the number of funded accounts grew to 4.4 million, up 37%. Its market share in stablecoin-to-fiat pairs improved markedly, rising from 43% to 68%. However, its adjusted EBITDA tumbled 57% in Q2 to $80 million, compared to $187 million in Q1. Kraken is reportedly looking to secure $500 million in funding at…
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