Kraken Reports Strong Q1 2025 Earnings: Trading Surge Drives Revenue Growth

Cryptocurrency exchange Kraken has published its first quarter earnings report for 2025, revealing a significant surge in revenue and strategic moves to expand its platform. The company generated $472 million in revenue during the quarter, showcasing a 19% increase year-over-year, driven by increased trading activity despite a softened crypto market overall. This performance also led to an adjusted profit of $187 million, representing a 1% rise compared to the previous quarter and a 17% jump from the same period in 2024.