Kraken cryptocurrency exchange in the second quarter of 2025 was 6.8% lower than that of the equivalent quarter a year ago.
The San Francisco -based scholarship in California, said an adjusted benefit before interest, taxes, depreciation and depreciation (EBITDA) of $ 79.7 million, compared to $ 85.5 million in the second quarter of 2024.
It was also a decrease of 57% compared to its EBITDA of $ 187.4 million in the first quarter. Kraken stressed that “Q2 tends to be a seasonal quarter for commercial activities in industry”, in a winning statement on Thursday.
The exchange also highlighted the market turbulence linked to the taxation of higher prices by President Trump on trade with the United States, which caused a significant slide on the cryptography market, the BTC falling to a hollow of 2025 of around $ 76,000 in early April.
Kraken saw the revenues drop by 13% to $ 411.6 million, compared to $ 471.7 million in the first quarter, although it is an increase of 18% in T2 2024.
One of the rivals of Kraken Robinhood (Hood) published its profits in the second quarter on Wednesday, revealing one year to another 98% in cryptographic income, among the much more drop from $ 81 million to $ 160 million.
The Robinhood crypto exchange volume of $ 28.3 billion is overshadowed by that of Kraken, which was $ 186.6 billion in the quarter. It was a drop of 11% compared to $ 208.7 billion in the first quarter, but still 19% higher than a year ago.
