The latest financial data also shows US$42.8 billion in customer assets on the platform, with an average revenue of more than US$2,000 per customer.
The company reported US$380 million in EBITDA for the year, alongside US$665 billion in trading volume and more than 2.5 million funded accounts.
Kraken’s strong performance follows a series of strategic shifts, including a sharpened focus on core services and expanded product offerings.
One major development was the return of Kraken’s staking services in the US after a two-year pause. The company had previously halted staking in 2023 after a US$30 million settlement with the Securities and Exchange Commission (SEC) over regulatory concerns.
The reinstated service now covers 17 digital assets, including Ethereum, Solana, and Polkadot, and is available to residents in 37 states.
Kraken’s rapid growth has also fueled speculation about a potential public listing. Bitwise, a major ETF issuer, has projected that Kraken could go public in 2025, joining other crypto firms, including Circle and Chainalysis, in making the leap to traditional stock exchanges.
Beyond staking, Kraken has expanded its futures trading offerings, introducing new perpetual and quarterly contracts for key cryptocurrencies.
The exchange also announced plans to enhance its margin trading services, giving traders greater flexibility and access to higher leverage.
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