Kraken Revenue Soars Year-Over-Year – But EBITDA Takes a Hit
Kraken reported $412 million in revenue for Q2 2025. This represented an 18% increase year-over-year but a decline of 13% quarter-over-quarter, for the crypto exchange Adjusted EBITDA, however, plunged by 7% during the same period and reached $79.7 million from $85.5 million. Seasonal Weakness Total exchange volume rose 19% year-over-year to $186.8 billion, though activity slowed…
