Kraken’s Revenue Soars 128% in 2024 Amid Crypto Boom

• Kraken doubled its revenue to $1.5 billion in 2024, with $665 billion in trading volume.
• The company is managing $42.8 billion in assets across 2.5 million funded accounts.
• Jasmy token surged 40%, gaining momentum after a 99% drop from its all-time high.

San Francisco’s own Kraken, a major player in the crypto exchange world, has made waves with its stellar 2024 financial performance. The numbers are jaw-dropping—revenue more than doubled, leaving skeptics in the dust.

“In 2024, we recorded $1.5 billion in revenue, up a whopping 128% year-over-year,” said Arjun Sethi, Kraken’s co-CEO, during a press statement on January 31, 2025. He added, almost casually, “Adjusted EBITDA came in at $380 million.”

The scale of trust from their clients is equally impressive. “We now manage $42.8 billion in assets on the platform, with over 2.5 million funded accounts,” Sethi mentioned. The total trading volume? An eye-popping $665 billion. Oh, and by the way, the average revenue per customer has soared past $2,000. It’s a benchmark that, according to Sethi, eclipses anything seen in both traditional and crypto exchanges.

Kraken Looks to the Horizon

It’s no secret now—Kraken is eyeing a potential public listing. While they’re still testing the waters, these financial results give them a powerful narrative as they step closer to that possibility.

Meanwhile, 2024 wasn’t just a good year for Kraken. The entire crypto market exploded, driven by unprecedented events. Trump’s return to office sent shockwaves through the global financial landscape, igniting a surge in crypto adoption. Bitcoin and Ethereum shattered their previous records, setting the stage for Kraken and its competitors to capitalize on a frenzy of trading activity.

“We’re fully committed to expansion,” a Kraken spokesperson emphasized, “but we’ll do it sustainably. Scaling quarter by quarter, decade by decade. We’re holding onto our innovative edge—pushing the boundaries like we always have.”

Crypto Buzz – What’s Hot in 2025?

Let’s pivot to what’s happening on the trading floor right now. One name making waves: Jasmy. Yeah, that Jasmy. The token behind the decentralized infrastructure project out of Japan (DePIN), is riding a sudden wave of momentum.

JASMY shot up a jaw-dropping 40% recently, before settling back around the 24% mark. This uptick came after a brutal fall—down a staggering 99% from its all-time highs. Ouch. But sentiment’s shifting, and traders? They’re piling in, seizing the opportunity. In true crypto fashion, buying comes in waves, almost like a feeding frenzy.

There’s also chatter about the Meme Index, a presale project that’s already raked in over $3.1 million. Whether it’s a fleeting fad or the next big thing remains to be seen, but right now, it’s all the rage.

The market’s alive, volatile as ever—just how traders like it.