Crypto Exchange Kraken's Earnings Fell 6.8% Year-Over-Year to $79.7M in Q2

Description

Cryptocurrency exchange Kraken's income in Q2 2025 was 6.8% lower than in the equivalent quarter one year ago. The San Francisco, California-based exchange reported adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of $79.7 million, compared to $85.5 million in Q2 2024. This was also a 57% drop from its EBITDA of $187.4 million in Q1. Kraken pointed out that "Q2 tends to be a seasonally lower quarter for trading activity across the industry," in an earnings statement...