Kraken Revenue More Than Doubled During 2024 Crypto Boom
Last year’s cryptocurrency boom was very good news for the Kraken exchange.
The company’s revenue more than doubled in 2024 from $671 million to $1.5 billion, Bloomberg News reported Friday (Jan. 31).
“This is what we look at, this is how we hold ourselves accountable,” Arjun Sethi, co-CEO of the company, told the news outlet.
He added that privately held Kraken plans to continue issuing quarterly reports, something that “gives us an ability to turn on the lights for when we are ready for the possibility” of an initial public offering (IPO).
The report notes that Seith, co-founder of venture group Tribe Capital, also became Kraken’s co-CEO near the end of last year. At the time, the crypto sector was surging…
