The main cryptographic exchange Kraken has reported $ 472 million in revenues for the first quarter of 2025. Surprisingly, it has increased 19% compared to the previous year despite a volatile Q1 that saw BTC fall below $ 65000.
In a positive signal for the anticipated upward market, Kraken’s negotiation volume on the platform increased 29% year after year, and financed accounts grew by 26%. However, assets on the platform fell 2% to $ 34.9 billion. Kraken attributed the fall to the collapse of the market that saw many tokens falling 70% and more.
Q1 results are in @krakenfx!
$ 472 million gross income
Ebitda adjusted or $ 187 million (+19% year -on -year)
Financed accounts that grow by 26% year -on -yearCheck out the rest here – https://t.co/blqip0pbuc
And much more on the way for Q2! pic.twitter.com/th7m3dq0J0
– Dave Ripley (@davidlripley) May 1, 2025
The growing negotiation volume for an important exchange is a promising signal for Toro’s career
One counts a leading platform like Kraken Exchange that reports that an increase in volume of almost 30% is extremely optimistic.
Especially when it took into account that Crypto had a horrendous Q1, which saw a BTC tank around 30%, of $ 106,000 to a briefly for less than $ 78,700 on March 11.
All previous bull races have begun once ‘retail’ enters the market. Retail trade that are not people without encryption that normally enter when Bitcoin has just reached a significant reference point. For this to happen, BTC probably needs to climb over $ 110,000, marking a new maximum of all time, while analysts will begin to request $ 200,000 below.
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Coingcko data shows that the 24 -hour negotiation volume for all main centralized exchanges is $ 78 billion. Kraken represents $ 1 billion of that figure, while Binance leads the way with $ 13.7 billion.
No other important exchange has published its quarterly reports so far, but it will be interesting to see if the tastes of Binance and Coinbase have experienced similar increases in activity and volume.
(Coingcko)
The most important news for Kraken Exchange in Q1 were his acquisition of Ninjatrader
However, the title of the quarter was the complete acquisition of Ninjatrader, a future and derivative negotiation platform centered on retail.
“This transaction marks the largest combination of agreements for the traditional combination (tradfi) and crypto. More than an expansion of our business, this strategic acquisition strengthens our derivative position both for tradfi services and for cryptography,” Exchange’s memory.
The agreement positions the platform to serve the merchants who seek to access both classes of assets in one place. It will allow encryption merchants to access traditional futures contracts, while the 800,000 reported Ninjatrader users will get access to the cryptocurrency market access.
This is an exciting day on the Ninjatrader trip to redefine the trade of future retailers, since we have signed an agreement for the joint forces with @krakenfx.
We will continue to operate as an independent platform while we work with cracks to unlock new opportunities for all of our … pic.twitter.com/58kalj5kot
– Ninjatrader (@ninjatrader) March 20, 2025
The movement puts Kraken closer to fulfilling its ambition to become a multiple asset platform. The purchase of Ninjatrader came the duration of the same quarter that Kraken launched a characteristic that allowed cross -border payments, Kraken Pay. It will be promoted with the introduction of cryptographic debit letters, in association with Mastercard.
Kraken also completed a test of the reserves for the custodium of cryptocurrencies for the exchange as of March 31. The firm, which allows users to verify their assets independently in the chain through a Merkle tree test, said it plans to publish these tests quarterly.
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Kraken Exchange publishes its gain report Q1, shows an increase in income and volume
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Acitivity and centralized exchange volume is a key sign that a bull execution is approaching
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Usually, the bull begins when Bitcoin reaches a new price milestone, attracting generalized attention
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BTC needs to overcome over $ 110K so that ‘retail’ investors pour into the markets
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Kraken has had a strong Q1, surpassed with its acquisition of Ninjatrader, a negotiation platform of derived derivatives focused on retail trade
The bullish market signs after the tender as the quarterly report of Kraken Exchange shows that 29% of the volume peaks appeared first in 99 Bits.