Popular Crypto Change Kraken has recorded a 19% growth in its Revenue in its Revenue. With which the company’s total revenue reached $ 471.7 million in this quarter, which is a bigger jump than last year. This growth is due to the increasing activity of the cryptocurrency market and the increase in trading volumes.
According to KRAKEN Change, the trading volume has increased by ear-bay-ear 29% during this period, which has also improved the company’s market share. Although the revenue has fallen by 7% compared to the previous quarters, the company’s earnings have increased by 1%.
The company’s co-CEO Arjun Sethi reported that although the users average revenue has come down by 11% to $ 314 due to the big inflow of new users, the company’s position is getting stronger due to an increase in total trading volumes.
KRAKEN is planning IPO
KRAKEN is now moving towards its next big planning. The company is preparing to bring the IPO (Preliminary Population Providing) in Q1 of 2026 and despite the new tariff announcement of weak IPO market and President Donald Trump is currently moving in this direction. At the same time, the company’s Co-CEO Arjun Sethi has made it clear that the company will be public at the right time keeping in mind the interest of its customers, no matter what the market situation is. At the same time, there was another important news related to it, which stated that while stepping into The Forex Market, Kraken started FX perpetual futures Is. With which KRAKEN has now moved towards the traditional financial market.
Competition and Market Cinereo
After this announcement of KRAKEN Change, its competitions have also become active. Gemini Accept as True with is also planning to sell his shares, while Robinhood and Coinbase are already performing strong. Robinhood’s cryptocurrency’s earnings have doubled to $ 252 million in this year’s Q1, while the coinbase’s revenue is reported to have a possible increase of up to 30%.
KRAKEN has also recently refused a trading platform called Ninjatrader at $ 1.5 billion. The deal will facilitate trading to users of KRAKEN Change in Futures Contracts such as cryptocurrency as well as traditional derivatives. At the same time, Arjun Sethi Sethi also said that, “Now our users can trade in any asset from anywhere.”
Conclusion
The expansion of recent strength and trading services in Kraken Change’s Financial Condition has made it a leading player in the Global Crypeccurcy Market. The company’s potential IPO will not only strengthen it in the capital market, but will also help reduce the distance between traditional and digital finical services. At a time when other companies are also planning to become public, KRAKEN’s strategy and technical expansion can make it an attractive option for both investors and users. With this news, if you also want to read news related to other crypto exchanges, then you can visit our Crypto Exchanges News section. Where you Kevin O’Lary said, Crypto will become 12th sector of economy You will get to read such unique news.
