Crypto Exchange Kraken declared $ 472 million in revenues for the first quarter of 2025, up 19% compared to one year earlier despite a softening of the cryptography market. The baiia adjusted from the scholarship (profit before deductions) reached $ 187 million, an increase of 17% from one year to the next.
The volume of negotiation on the platform increased 29% in annual shift, and the accounts funded increased by 26%, while the assets on the platform dropped by $ 34.9 billion. Kraken assigned the decrease to a decrease in the value of these assets.
The title of the quarter, however, was the acquisition ended by Kraken de Ninjatrader, a long-term trading platform and derivatives focused on retail.
“This transaction concludes the most important agreement combining traditional finance (tradfi) and crypto. More than an expansion of our business, this strategic acquisition strengthens our position in derivatives for tradfi and crypto services,” wrote the scholarship in a report.
The agreement positions the exchange to serve merchants who seek to access the two asset classes in one place. It will allow crypto traders to access traditional term contracts, while Ninjatrader users will have access to the cryptography market.
This decision advances Kraken’s ambition to become a multi-a-champion platform. He came during the same quarter Kraken launched a functionality allowing cross -border payments, Kraken Pay. It will be stimulated with the introduction of Crypto debit cards, in partnership with Mastercard.
Kraken also completed proof of certificate reserves for the Crypto-Monnaies goalkeeper with the exchange on March 31. The firm, which allows users to check their assets independently on the chain through a Merkle tree test, said it was planning to publish these evidence every quarter.
