Kraken said $ 411.6 million in revenues for the second quarter of 2025, an increase of 18% compared to the same period last year, according to his profits. However, the stock’s adjusted profit fell 7% in annual shift to $ 79.7 million, compared to $ 85.5 million in the second quarter of 2024.
According to figures published on Wednesday, the commercial volume on the Crypto Exchange jumped 19% in the past year, to $ 186.8 billion in the 2nd 2025.
In other areas, Kraken has also published positive results, assets jumping from 47% to $ 43.2 billion, while funded accounts increased by $ 4.4 million. The market share of the Stock Exchange Reserve also increased, compared to 43% to 68%.
The Kraken’s profits report comes while the company seeks to raise $ 500 million to an evaluation of $ 15 billion while preparing a potential public offer in 2026.
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Kraken is in “build mode”
Kraken has awarded part of the drop in adjusted income to wider macro uncertainties linked to American prices. The exchange also claims to be in “construction mode”, focused more on the expansion of its activities beyond cryptographic trading than on immediate profits.
Several recent products go back to this assertion.
During the last quarter, the scholarship recently launched American stocks negotiated on its application, allowing users of most American states to manage shares and crypto in one place.
The company also introduced a perpetual future 24/7 in mid-April and made its debut in June, a series of tokenized and ETF Blue Actions.
https://www.youtube.com/watch?v=ry9mi57pbjs
Tradfi, crypto converge in token actions are growing
The thrust of Kraken Q2 in token actions reflects a broader convergence of tradfi and crypto.
Bybit has also announced partnerships for token actions, and Coinbase is currently requesting the approval of the SEC to list token actions. Speaking with Reuters, the legal director Paul S. Grewal, described it as “high priority”.
Traditional brokers also make movements. Robinhood launched more than 200 American actions and ETF tokenized on arbitrum for European users in June. On Tuesday, the regulated brokerage platform Etoro announced its intention of Tokenize the 100 most popular American actions and ETF as ERC-20 tokens on Ethereum.
Review: Robinhood’s tokenized actions aroused a legal hornet nest
