Kraken's Q2 revenue climbs 18% but Trump tariffs take a bite originally appeared on TheStreet .
The San Francisco, California-based crypto trading exchange Kraken released its financial results for the second quarter of 2025 on July 30.
The exchange reported $411.6 million in total revenue in Q2, rising 18% year-over-year (YoY) but falling 13% quarter-over-quarter (QoQ).
Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at $79.7 million for Q2, declining 7% YoY and an even more drastic 57% QoQ.
The total exchange volume stood at $186.8 billion in Q2, jumping 19% YoY but dipping 11% QoQ.
The exchange attributed the quarterly decline in the above figures primarily to market turbulence caused by the U.S. tariff escalations waged by President Donald Trump .
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The total value of assets on the platform by the end of Q2 was $43.2 billion in Q2, soaring an impressive 47% YoY and 24% QoQ.
The exchange's total funded accounts were 4.4 million in Q2, rising 37% YoY and 12% QoQ.
The exchange also recorded a rise in its share of stable-fiat spot volumes from 43% to 68%.
The launch of new products, including U.S. commission-free equities trading, tokenized stocks outside the U.S., an all‑in‑one Krak global money app, and a premium Kraken+ membership offering zero‑fee trading allowances, were the highlights of the second quarter.
The exchange also launched a suite of crypto perpetual futures in Europe and crypto futures in the U.S. during Q2. It also secured licenses in Ireland and Canada as part of its global expansion strategy.
During the second half of the year, Kraken is planning to expand commission‑free stock and ETF trading and tokenized equities. Kraken debit cards are also on the cards.
Robinhood beats estimates, all eyes on Coinbase
While Robinhood (Nasdaq: HOOD), another leading exchange offering crypto trading, registered better-than-expected Q2 financial results, all eyes are now set on Coinbase (Nasdaq: COIN).
The leading crypto exchange in the U.S. is expected to release its earnings report on July 31.
Kraken's Q2 revenue climbs 18% but Trump tariffs take a bite first appeared on TheStreet on Jul 31, 2025
This story was originally reported by TheStreet on Jul 31, 2025, where it first appeared.
