### **🦑 Kraken Reports Revenue of $472 Million in Q1 2025, Ready for IPO in 2026!**

#### **📌 Highlights:**

- **Revenue $472 million** (up **19% YoY**), although down **7% from Q4 2024**.

- **Trading volume surged 29%** due to market volatility in the early Trump administration.

- **EBITDA increased 17%** to **$187.4 million** → Evidence of business resilience amid uncertainty.

- **Preparing for IPO in 2026** → Taking advantage of a better regulatory climate in the Trump era.

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### **🚀 Kraken's Expansion Strategy:**

✅ **Acquisition of NinjaTrader** → Expanding derivatives in the US.

✅ **Partnership with Alpaca** → Entering the stock & ETF market.

✅ **Launching Kraken Pay** → Financial app for retail.

✅ **Derivatives in the UK** → Kraken's second-largest market.

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### **⚖️ Regulatory Issues & Future:**

- **SEC agrees to dismiss lawsuit** against Kraken (without fines/operational changes).

- **Crypto regulation under Trump** is more friendly → Greater IPO opportunities.

- **Competition**: Bullish & Gemini are also eyeing an IPO, but still cautious.

**#Kraken #CryptoExchange #IPO #TRUMP #bitcoin **

💬 **Your prediction?** Will Kraken succeed in its IPO in 2026? Discuss in the comments! 👇