Kraken's Q2 revenue increased by 18% year-on-year to $412 million

According to Bloomberg, cryptocurrency exchange Kraken stated that its revenue increased in the second quarter, but adjusted earnings slightly decreased as market share increased. The company stated that its second quarter revenue increased by 18% year-on-year to $412 million; Due to the company's investment in new products and regional expansion, the adjusted pre tax profit reached $79.7 million, a decrease of approximately 7% from $85.5 million. Kraken's total trading volume on the exchange reached $186.8 billion this quarter, a year-on-year increase of 19%. The number of Kraken's capital injection accounts increased by 37% to 4.4 million. Arjun Sethi, Co CEO of Kraken, said in an interview, "We are not just following this cycle, we are also absorbing more market share. Our market share is increasing comprehensively Earlier today, it was announced that Kraken was seeking $500 million in financing at a valuation of $15 billion.