Kraken’s entry into the first quarter in the second quarter in the second quarter of 2025 was 6.8% lower than in the equivalent quarter a year ago.
The exchange with headquarters in San Francisco, California, reported adjusted profits before interest, taxes, depreciation and amortization (EBITDA) of $ 79.7 million, compared to $ 85.5 million in the second quarter of 2024.
This was also a 57% drop in its Ebitda of $ 187.4 million in Q1. Kraken said that “Q2 tends to be a seasonally lower quarter for commercial activity throughout the industry”, in a profit statement on Thursday.
The exchange also highlighted the turbulence of the market related to the imposition of more pronounced tariffs of President Trump in the trade with the US. This caused a significant fall in the cryptography market, with BTC falling to a minimum of 2025 of around $ 76,000 in early April.
Kraken saw that income fell 13% to $ 411.6 million compared to $ 471.7 million in Q1, although this was an 18% increase in the second quarter of 2024.
One of Kraken Robinhood’s rivals (Hood) published his profits from the second quarter on Wednesday, revealing a jump year after year of 98% in cryptography revenues from the much lower base of $ 81 million to $ 160 million.
The volume of negotiation of Robinhood crypto of $ 28.3 billion is eclipsed by that of Kraken, which was $ 186.6 billion in the quarter. This was a 11% drop of $ 208.7 billion in the first quarter, but even 19% higher than a year ago.
