Summary
- Kraken's Q1 revenue reached $407 million, marking a 19% increase from the previous year.
- Kraken's adjusted EBITDA increased by 17% from the previous year to $108 million.
- The average monthly revenue per user decreased by 11% from the previous year, influenced by the influx of new users.
Global cryptocurrency exchange Kraken reported that its Q1 revenue reached $407 million, a 19% increase from last year.
According to Bloomberg on the 1st (local time), the exchange's adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for Q1 increased by 17% to $108 million. Trading volume increased by 29%.
The average monthly revenue per user decreased by 11% compared to the previous year and by 17% compared to the previous quarter, which the exchange explained was due to the influx of new users.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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