According to its revenue release, Cracon reported revenues of $410 million in the second quarter of 2025, an increase of 18% from the same period last year. However, the exchange’s adjusted earnings fell to $79.7 million year-on-year, down from $85.5 million in the second quarter of 2024.
According to the number issued On Wednesday, cryptocurrency exchanges traded volumes grew 19% over the past year, reaching $186.8 billion in the second quarter of 2025.
Elsewhere, Kraken also posted positive results, with assets rising 47% to $43.2 billion, while funded accounts rose 37% to $4.4 million. The exchange’s stable face-to-face market share also increased by 43%, to 68%.
Kraken’s earnings report is as the company hopes to improve $500 million, worth $15 billion While preparing for a potential public offering in 2026.
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Kraken is in “build mode”
Kraken attributes some of the decline in adjusted revenue to broader macro uncertainty related to U.S. tariffs. The exchange also claims to be in a “build mode” that focuses more on expanding its business beyond crypto trading rather than immediate profits.
Several recent products have launched this claim.
In the past quarter, the exchange has recently launched US stock trading On its app, users in most states in the United States are allowed to manage stocks and cryptocurrencies in one place.
The company also introduced 24/7 FX Permanent Futures In mid-April First appearance at Xstocks In June, a group of tokenized blue-chip stocks and ETFs.
https://www.youtube.com/watch?v=ry9mi57pbjs
Tradfi, cryptocurrency converges in token stocks
Kraken’s second quarter push token stocks reflects a wider convergence of Tradfi and Crypto.
Bybit also announced a partnership for token stocks, and Coinbase is currently seeking SEC approval to list tokenized stocks. Talk to it ReutersChief Legal Officer Paul S. Grewal called it a “huge priority.”
Traditional brokers are also taking action. Robinhood is launched 200 Symbolistic U.S. Stocks ETFs with European users were arbitrated in June. On Tuesday, regulated brokerage platform Etoro announced plans to achieve this goal 100 Most Popular U.S. Stocks ETFs serve as ERC-20 tokens on Ethereum.
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