Crypto exchange Kraken doubled its revenue in 2024 and reintroduced staking in the U.S.
🐙 Crypto Exchange Kraken Doubled Its Revenue in 2024
Kraken closed 2024 with strong results, reaffirming its status as one of the key players in the global digital assets market.
📊 Financial Highlights
• Annual revenue doubled to $1.5 billion.
• The platform reached 2.6 million active accounts.
• Client assets totaled $42.8 billion.
These results reflect growing interest in cryptocurrencies from both institutional and retail investors, as well as the company’s expansion of its product line.
🇺🇸 Staking Returns to the U.S.
In January 2025, Kraken relaunched on-chain staking services for clients in 39 U.S. states and territories. Users can now stake 17 digital assets, including:
• Ethereum (ETH)
• Solana (SOL)
• Polkadot (DOT)
• Cardano (ADA)
This step has strengthened Kraken’s presence in the U.S. market and boosted its competitiveness in a strict regulatory environment.
🏦 Preparing for IPO
Kraken continues to focus on transparency and building investor trust. In 2025, the company plans to release quarterly financial reports, as part of its preparation for a potential IPO in 2026.
Going public will allow Kraken to attract new investment and further consolidate its position in the rapidly growing digital assets sector.
🚀 Bottom Line
Kraken ended the year with strong momentum — doubling revenue, expanding client assets, and reintroducing staking. With IPO preparations underway, the company is positioning itself as one of the most attractive investment opportunities in 2025.
