Crypto exchange Kraken sees $1.5 billion in revenue in 2024

The crypto exchange Kraken saw $1.5 billion in revenue in 2024, according to the firm's financial report published on Jan. 31. 

The firm's CEO, Dave Ripley,  noted on the social media platform X that Kraken's 2024 revenue of $1.5 billion more than doubled the previous year's revenue. He adds that the firm is profitable.

Also in 2024, Kraken's platform grew to hold $42.8 billion in assets, amassed 2.5 million funded accounts, and hit $665 billion in total trade volume, the company's financial report continues. 

"Our disciplined product execution and diverse client base have helped us build the deepest liquidity pools in crypto, making Kraken one of the world’s leading stable-to-fiat onramps with more than 40% global stable-fiat volume market share among major CEXs," Kraken Co-CEO Arjun Sethi wrote in the release. "That liquidity attracts more clients, drives new product adoption and fuels our continued expansion."

Kraken is one of the largest crypto exchanges based in the United States. The firm recorded $49.2 billion in spot trading volume for January 2025, The Block's Data Dashboard shows.