One of the oldest crypto exchanges, Kraken, recorded meteoric growth in 2024, doubling his income to reach $ 1.5 billion, according to information relayed by Bloomberg. With 2.6 million active accounts and 42.8 billion dollars in assets under management, the platform continues to extend its influence on the cryptocurrency market.
From single to double for Kraken
Launched in 2011, Kraken is one of the oldest crypto exchanges in the ecosystem. According to information from Bloomberg, the platform, which offers trading services, a wallet or more recently its own blockchain, would have doubled his income in 2024.
While he had generated $ 671 million in revenues in 2023, Exchange would have brought this amount to $ 1.5 billion last year. On the last day of the year, Kraken counted 2.6 million accounts on his platform with funds, and a total of $ 42.8 billion in management.
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“” This is what we analyze, this is how we are responsible, “Said Arjun Sethi on this subject, the Co-Director General of Kraken. He said that the Crypto Exchange was now going to produce financial reports in a quarterly manner, in order to facilitate its IPO.
This hypothesis had already been specified last year, when we learned that Kraken wanted above all to raise $ 100 million. Note that it was investors foreign to the platform that would have contacted it to inform them of their interest in a new financing round.
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An IPO could make sense under the Trump Party administration, it seems, to unroll the red carpet with cryptos. Kraken was also one of the players in the Blockchain sphere that contributed financially to Donald Trump's campaign.
Create an account on Kraken: the most famous Crypto Exchange
Source: Bloomberg
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