Kraken began the year on a positive note, with a valuation exceeding $20 billion. This instilled hope and positivity in investors, suggesting that it could deliver strong numbers. In Q1 of the 2025 financial year, Kraken generated nearly $471.7 million in revenue. This represents a 10% increase over the token’s performance in Q1 of last year.
However, the market movement has slowed down somewhat. As a result, the EBITDA of the token has inched close to $187.4 million. Therefore, this represents a 1% increase in revenue from the previous quarter. As a result, all signs indicate that the exchange is still thriving.
Kraken Acquires Ninja Trader
In other news, Kraken is all set to procure NinjaTrader. This could prove to be a wonder for the landscape, as it could bring traditional finance (TradFi) and decentralized finance (DeFi) trading under one roof. This deal is one of a kind and can make Kraken one of the biggest names in the industry.
Another important development introduced by Kraken is the implementation of proof of reserves for its clients. The proof of reserve feature will enable users to independently verify their holdings with the aid of a crypto-verifiable Merkle tree.
The company representative of Kraken said, “Kraken pioneered the practice of regular Proof of Reserves – well before it became an industry expectation – and we remain one of the few platforms to perform this process. We will continue to conduct Proof of Reserves and move to a quarterly cadence.”
However, insiders have noticed a dip in the company’s revenue quarter after quarter, there has been a gradual decline in the ARPU valuation, from $378 to $314. Therefore, this new acquisition could breathe life into the system.
