Kraken’s Financial Performance in 2024

The crypto exchange Kraken reported $1.5 billion in revenue for 2024, as stated in their financial report on Jan. 31.

CEO Dave Ripley highlighted that this revenue figure has more than doubled compared to the previous year, confirming the firm is profitable.

In 2024, Kraken’s platform handled $42.8 billion in assets, achieved 2.5 million funded accounts, and reached a total trade volume of $665 billion.

Kraken Co-CEO Arjun Sethi emphasized in the release that their disciplined product execution and diverse client base have allowed them to establish the deepest liquidity pools in crypto. This success positions Kraken as one of the leading stable-to-fiat onramps, commanding over 40% of the global stable-fiat volume market share among major centralized exchanges.

Kraken remains one of the largest crypto exchanges in the United States. Data from The Block indicates a recorded $49.2 billion in spot trading volume for January 2025.