Kraken doubled its revenue to $1.5 billion in 2024, a 128% increase from $671 million in 2023. The surge was driven by $665 billion in trading volume and $42.8 billion in client assets. The exchange also reported an adjusted EBITDA of $380 million. Kraken attributes its growth to strong execution, security, and user experience. Despite regulatory hurdles, including a U.S. SEC settlement, Kraken reinstated staking in 37 states and continues expanding services. Its focus on compliance and innovation positions it as a key player in the crypto market, benefiting from increased institutional and retail trading activity.