Crypto Exchange Kraken posted a $ 472m income in Q1, completed Ninjatrader’s acquisition
Crypto Exchange Kraken reported $ 472 million in revenue for the first quarter of 2025, up to 19% from one year earlier despite a softened crypto market. The adjusted EBITDA (profit before deductions) reached $ 187 million, a 17% year-to-year increase.
Platform trading volume, increased by 29% year-year, and funded accounts grew 26%, while platform properties dropped 2% to $ 34.9 billion. Kraken states the downfall of the reduction in the value of these properties.
The quarter’s headline, however, has completed Kraken Getting a ninjatraderA futures dedicated to the retail and platform of trading derivatives.
“This transaction has marked the largest-ever deal that combines traditional finances (tradfi) and crypto. Beyond an expansion of our business, this strategic acquisition strengthens our position in derivatives for both Trans Trans and Crypto services,” the exchange wrote in a report.
The position of dealing with the exchange to deliver entrepreneurs looking to access the same classes in one place. This will allow for crypto entrepreneurs to access traditional futures contracts, while ninjatrader users will gain access to the crypto market.
The move is moving forward with Kraken’s ambition to become a multi-asset platform. It came to the same quarter that Kraken launched a feature that allowed cross-border payments, Kraken Pay. It will boost to Introduction of Crypto Debit CardsIn collaboration with Mastercard.
Kraken also completed a proof of custodian’s cryptocurrencies reserves by exchange on March 31. The firm, which allows users to prove their properties independently of the chain through a Merkle-filled proof, said it plans to publish quarterly proofs.
