- Kraken is preparing to make it public via IPO in the near future.
- The surge in trading volume indicates the re-emergence of FOMO Crypto trading amid bullish sentiment.
- Bitcoin is already broken from great resistance, and euphoric gatherings are round the corner.
Veteran cryptocurrency exchange Kraken has announced its first quarter 2025 financial update. The cryptocurrency exchange reported a total revenue of $471.7 million, reducing its 7% QOQ, up 19%.
Kraken recorded a prior year and QOQ adjusted EBITDA of 17% and 1%, respectively, at $187.4 million, according to the announcement. The company’s total trading volume was approximately $208.7 billion, a 10% decline, up 29% from the previous year.
What’s next for Kraken?
Kraken Exchange is intended to be published via IPO in the first half of 2026 and comply with Coinbase Global Inc. (NASDAQ: COIN). The cryptocurrency exchange has completed the acquisition of Ninjatrader, strengthening the combination of traditional financial and cryptocurrency markets.
“We want to be able to grow with our customers all the time. If it’s better to have access to the capital market on behalf of our customers, we can have the ability to expose them rather than be exposed to market conditions.”
Important derivation of cryptography
Kraken’s total revenue and significant growth in EBITDA has confirmed an increase in digital assets reported over the past year. Amidst an increase in digital assets adoption by institutional investors and nation-states, the increased global liquidity indicates that parabolic gatherings are on the horizon.
Additionally, the US is hoping to implement a strategic Bitcoin Reserve under President Donald Trump. Additionally, more countries have implemented clear cryptographic regulations over the past few years compared to the bull cycle in 2021.
