Kraken's Q1 revenue reached $472 million, a year-on-year increase of 19%

ChainCatcher news, according to The Block, Kraken's revenue in the first quarter of 2025 surged to $472 million, a 19% increase compared to the same period last year, primarily due to a spike in market volatility during the first quarter (the first 100 days of President Trump's second term). The company's adjusted earnings before interest, taxes, depreciation, and amortization (EBITA) grew by 17% year-over-year, reaching $187.4 million, while the total trading volume of the exchange increased by 29% during the same period.