Kraken reported a $ 411.6 million income for the second quarter of 2025, an 18% increase compared to the same period last year, according to its revenue. However, the appropriate exchange income refused 7% year-to-year up to $ 79.7 million, down from $ 85.5 million to Q2 2024.
According to the numbers released On Wednesday, the amount of Crypto exchange rate jumped 19% in the last year, up to $ 186.8 billion during Q2 2025.
In other places, Kraken also posted positive results, with assets jumping 47% to $ 43.2 billion, while funded accounts rose 37% to $ 4.4 million. Sharing stablecoin-to-fiat exchange also grew, from 43% to 68%.
Kraken’s income report is coming as the company looks upper $ 500 million in a $ 15 billion appreciation While preparing for a potential public offer in 2026.
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Kraken is in “Build Mode”
Kraken linked some of the falls to the suited income to the broader uncertainty of MacRO related to US tariffs. The exchange also says in “Build Mode,” which focuses more on expanding its business beyond crypto trading than for immediate income.
Many recent products are launching back up this claim.
In the previous quarter, the exchange recently launched The trading of equal US In its app, allowing users in most US states to manage stocks and cryptos somewhere.
The company also introduced 24/7 fx perpetual futures In mid -April, and Debuted Xstocks In June, a suite of tokenized blue-chip equities and ETFs.
https://www.youtube.com/watch?v=ry9MI57PBJS
Tradfi, crypto is in contact with tokenized equities push
Kraken’s Q2 pushing into tokenized equities reflects a broader scene of Tradfi and Crypto.
Bybit also announced partnerships for tokenized equities, and Coinbase is currently looking for a SEC approved to list tokenized stocks. Speaking to ReutersChief Legal Officer Paul S. Grewal, called it “big priority.”
Traditional brokers also make motions. Robinhood was launched 200 tokenized US stock and ETFs in Arbitrum for European users in June. On Tuesday, the Regulated Ethoro Broker’s Regulated Platform announced plans tolocise 100 US SOCIAL STOCK and ETFs as ERC-20 tokens in Ethereum.
Magazine: Robinhood’s tokenized stocks provoked a legal hornet’s nest
