Kraken Reports $2.2 Billion Revenue in 2025
Cryptocurrency exchange Kraken, through its parent company Payward, published its financial results for 2025, revealing an impressive 33% increase in revenue. Payward generated $2.2 billion in 2025 compared to $1.6 billion in 2024, marking substantial growth in the crypto industry.
Key Revenue Streams and Market Expansion
Trading revenue and asset-based services were almost evenly split, at 47% and 53% respectively, showcasing Kraken’s diverse income streams. Total transaction volumes reached $2 trillion, a noteworthy 34% year-over-year jump. Sustained user engagement and deep liquidity reportedly fueled this trading activity.
Platform Growth Metrics
Kraken’s platform also saw an 11% rise in managed assets, growing to $48.2 billion, alongside an impressive 50% increase in funded accounts, reaching 5.7 million users. Daily revenue trades surged by 119%, supported by key strategic acquisitions.
Strategic Acquisitions Expand Product Availability
Payward invested $1.5 billion in acquiring futures trading platform NinjaTrader, the crypto-focused Breakout, derivatives platform Small Exchange, and trading automation software Capitalise.ai. In January 2026, Kraken also finalized the purchase of xStocks’ tokenized securities platform to provide targeted, customer-specific financial products.
These acquisitions align with Kraken’s strategy inspired by tech giants like Meta and Amazon, focusing on creating specialized solutions for distinct user needs.
The Launch of the Krak Payment App
June 2025 marked the debut of the Krak payment app, designed to rival services like Venmo and PayPal. Features include free local and international payments, cashback debit cards, salary deposit functionalities, and wealth management tools, as part of Kraken’s initiative to expand into everyday financial services beyond cryptocurrency trading.
Global Derivatives Growth
Kraken’s influence in derivatives markets expanded across Europe, the UK, and the US. U.S. users gained access to CME Group derivatives, covering equity indices, energy, metals, and forex. These enhancements cement Kraken’s commitment to offering diverse and accessible financial products.
Capital Investments and Future Outlook
In November 2024, Citadel Securities invested $200 million, valuing Kraken at $20 billion. The company confidentially submitted its IPO filing in the same month and recently launched KRAKacquisition Corp as a publicly traded SPAC on Nasdaq, raising $345 million. Future plans include multi-asset offerings, expansion into custody services, and geographic growth.
Recommended Product Highlight
If you are exploring cryptocurrency or investment opportunities, consider using Kraken’s platform. With competitive exchange rates and a user-friendly interface, it’s an excellent choice for beginners and experienced traders alike.
