According to Kraken’s 2024 figures, the exchange averages more than $2,000 in revenue per customer and holds $42.8 billion in assets.
Kraken, a centralized crypto exchange, released its 2024 financials showing $1.5 billion in revenue for the year — representing a 128% year-over-year gain compared to 2023.
According to the exchange, earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to $330 million in 2024.
Kraken also recorded $665 billion in trading volume for the year conducted by over 2.5 million funded accounts on the platform.
Read more,# Kraken’s 2024 Financials: A Whale of a Year
## Key Points
– **Revenue Rags to Riches**: Kraken raked in $1.5 billion for 2024, which is a jaw-dropping 128% increase compared to last year’s performance. The boatloads of cash don’t seem to be slowing down!
– **Per-Customer Goldmine**: The exchange pocketed over $2,000 in revenue from each customer. That’s more than some people spend on their fancy coffee habits!
– **Assets Galore**: With a whopping $42.8 billion in assets, Kraken is evidently more loaded than a teen at a video game convention.
– **Trading Frenzy**: The bustling marketplace saw a staggering trading volume of $665 billion, all conducted by over 2.5 million eager customers. Looks like a lot of folks are having fun with their digital “magic beans.”
– **Profit Piling Up**: Operating profits came in with an EBITDA of $330 million. Raise your glass to all those profits—just remember, they aren’t liquid!
## Hot Take
Hold onto your digital wallets, folks! Kraken just showed us that even in the wild west of crypto, it’s possible to make it rain dollar bills! With numbers like these, investing in crypto might actually return some green! Time to keep an eye on the Kraken, not just the sea monster! 🦑💰 #Kraken #CryptoRevenue #DigitalGold #MoneyMonsters #TradingFrenzy #CryptoSuccess
Disclaimer. The opinions expressed by our writers are their own and do not represent the views of JustInvestNews. The financial and market information provided on JustInvestNews is intended for informational purposes only. JustInvestNews is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. All image have a copyright
at the end of tags separate by comma.Original article: https://cointelegraph.com/news/crypto-exchange-kraken-revenue-doubled-2024?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
