Kraken Q1 revenue reached $472 million, a year-on-year increase of 19% According to The Block, Kraken's revenue for the first quarter of 2025 jumped to $472 million, a 19% increase from the same period last year, mainly due to a surge in market volatility during the first quarter (the first 100 days of President Trump's second term). The adjusted EBITA of the company increased by 17% year-on-year, reaching 1.874