Revenue & Volume: Steady Year-over-Year Growth Despite Seasonal Slowdown Kraken’s second-quarter revenue reached $412 million, an 18 % increase year-over-year, while adjusted EBITDA stood at $80 million. Total trading volume for the quarter was $186.8 billion, up 19 % on last year. Although volumes dipped quarter-over-quarter—typical for Q2 across the industry—Kraken continued to expand its share of the spot market, driven by deeper liquidity in stablecoins (share rising from 43 % to 68 %) an...

Revenue & Volume: Steady Year-over-Year Growth Despite Seasonal Slowdown Kraken’s second-quarter revenue reached $412 million, an 18 % increase year-over-year, while adjusted EBITDA stood at $80 million. Total trading volume for the quarter was $186.8 billion, up 19 % on last year. Although volumes dipped quarter-over-quarter—typical for Q2 across the industry—Kraken continued to expand its share of the spot market, driven by deeper liquidity in stablecoins (share rising from 43 % to 68 %) an...