Bull Trading market Indicators Emerge As Kraken Exchange Quarterly Report Displays 29% Increase In Volume
Top crypto asset trading protocol Kraken has announced a revenue of $472 million for the first quarter of 2025. Remarkably, this represents a 19% increase from the same period last year, even amid a tumultuous Q1 where Bitcoin fell below $65,000.
In an encouraging development for the predicted bull trading market, Kraken’s trading volume on the protocol surged by 29% year-over-year, while funded accounts expanded by 26%. However, assets available on the protocol fell by 2%, totaling $34.9 billion. Kraken attributed this decline to the market crash that resulted in many tokens plummeting by 70% or more.
The Q1 results are out for @krakenfx!
$472 million gross revenue
Adjusted EBITDA of $187 million (+19% YoY)
Funded accounts up 26% YoYFind out more here – https://t.co/BlQip0PbUC
And there’s much more to come for Q2! pic.twitter.com/TH7m3dq0J0
— Dave Ripley (@DavidLRipley) May 1, 2025
Increasing Trading Volume For A Major Trading platform Signals Hope For The Pump
A key indicator to monitor when speculating about the timing of a bull market in digital currency is available volume and volume. A prominent platform like Kraken reporting close to a 30% year-over-year volume increase is highly uptrend.
This is particularly significant given that the cryptocurrency crypto market experienced a largely dismal Q1, which saw BTC drop approximately 30%, from $106,000 to dipping below $78,700 on March 11.
Historical bull runs have commenced once ‘retail’ investors enter the crypto market. Retail refers to individuals outside the crypto sphere who typically engage when Bitcoin has recently achieved a notable milestone. For this to materialize, Bitcoin would likely need to surpass $110,000, establishing a new all-time high as analysts begin forecasting $200,000 next.
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According to CoinGecko data, the 24-hour trading volume for all major centralized exchanges amounts to $78 billion. Kraken itself represents $1 billion of that total, while Binance leads with $13.7 billion.
No other major exchanges have released their quarterly reports yet, but it will be interesting to see if Binance and Coinbase have witnessed similar increases in activity and volume.
Notable Development For Kraken Exchange In Q1: Acquisition Of NinjaTrader
The standout news of the quarter was Kraken’s acquisition of NinjaTrader, a protocol focused on retail futures and derivatives trading.
“This deal represents the largest-ever venture merging traditional finance (TradFi) with crypto. More than just an expansion of our services, this strategic acquisition enhances our standing in the derivatives trading market for both TradFi and crypto,” the exchange stated in its report.
This acquisition positions Kraken to cater to traders seeking access to both asset classes in a single network. It will allow crypto traders to engage with traditional futures contracts, while the approximately 800,000 NinjaTrader users will be able to enter the crypto market.
Today marks an exciting moment in NinjaTrader’s mission to transform retail futures trading as we’ve reached an agreement to partner with @krakenfx.
We’ll remain a standalone protocol while collaborating with Kraken to create new opportunities for all our… pic.twitter.com/58kaLJ5kot
— NinjaTrader (@NinjaTrader) March 20, 2025
This initiative brings Kraken closer to realizing its goal of becoming a multi-asset protocol. The acquisition of NinjaTrader coincided with Kraken launching a feature for cross-border payments, Kraken Pay, which will be enhanced by the introduction of crypto debit cards in partnership with Mastercard.
Additionally, Kraken successfully completed a Proof of Reserves verification for the cryptocurrencies entrusted to the trading platform as of March 31. The platform, which allows users to independently confirm their assets on-chain via a Merkle tree proof, announced plans to provide these verifications quarterly.
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Kraken trading platform releases its Q1 earnings report, reflecting growth in revenue and volume
- Activity and volume on centralized exchanges indicate that a pump may be approaching
- Typically, bull markets initiate when BTC achieves a new price threshold, drawing significant interest
- BTC must rise past $110k for ‘retail’ investors to start entering the crypto market
- Kraken recorded a strong Q1, highlighted by its purchase of NinjaTrader, a protocol focused on retail derivatives trading
The article Bull Crypto market Signs As Kraken Trading network Quarterly Report Shows 29% Spike In Volume first appeared on 99Bitcoins.
