Crypto exchange Kraken doubles revenue to $1.5b in 2024

Kraken, a United States-based cryptocurrency exchange, announced US$1.5 billion in revenue for 2024, as detailed in its financial report released on Jan. 31.

This figure represents more than double its revenue from 2023, according to CEO Dave Ripley on the social media platform X.

The report indicates that Kraken holds US$42.8 billion in assets and operates 2.5 million funded accounts.

It also reported a total trade volume of US$665 billion for 2024 and stated that the company remains profitable.

Recent Kraken developments

Timeline
24-Dec-2024 💰 Binance, Kraken lead $10m round for stablecoin issuer Usual Usual raises $10M in Series A funding USD0 stablecoin surpasses $1B market cap
12-Dec-2024 ⚖️ Australia fines Kraken’s operator $5.1m for regulatory breaches Bit Trade fined A$8M for regulation breach Offered unsuitable margin trading to 1,100 consumers
29-Dec-2023 🚫 Binance, Kraken among ‘illegal’ crypto exchanges to be barred in India FIU labels Binance, Kraken as operating illegally Show-cause notices issued; sites may be blocked
16-Jun-2022 🚀 Crypto exchange Kraken starts global hiring push amid market downturn Kraken plans to hire 500+ despite market downturn. Company emphasizes mission-driven recruitment values.
12-Jun-2014 🎮 Razer adds Kraken Pro headset to its World of Tanks product line Razer launches World of Tanks Kraken Pro headset First 20,000 units include game bonus codes

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Recent Kraken developments

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