Kraken Q1 2025 Results & Strategic Expansion Updates
Kraken reports strong Q1 2025 performance with $472M gross revenue and $187M adjusted EBITDA (+19% YoY). Trading volume increased 29% YoY, while funded accounts grew 26%.
The company completed its acquisition of NinjaTrader, marking the largest TradFi-crypto merger to date. This strategic move enhances Kraken's derivatives capabilities across traditional and crypto markets.
Kraken also launched Kraken Embed, enabling banks and fintech firms to offer crypto trading services, with @bunq as the inaugural partner.
Key highlights:
- Latest Proof of Reserves completed (March 31, 2025)
- Trading volume up 29% YoY
- Significant market share gains
- Enhanced derivatives offering through NinjaTrader integration
[View detailed financials](https://k.xyz/Q12025Financials)