The second-largest US-based crypto exchange by trading volume is announcing huge upticks in revenue and trading volume last year. According to a new blog post, Kraken says that its revenue and trading volumes doubled in 2024 compared to what it did in 2023. Kraken attributes its growth last year to the company’s focus on improving execution. “Our relentless execution is evidenced by our 2024 financial highlights, which we are releasing for the first time in Kraken history. In 2024, we saw revenue of $1.5 billion (up 128% year-over-year) and $380 million in adjusted EBITDA. During the year, clients entrusted us with $42.8 billion in assets on the platform and 2.5 million funded accounts. Total trading volumes in 2024 reached $665 billion and our average revenue per customer is now well over $2,000 – far surpassing any comparable stat we’ve seen from traditional or crypto exchanges. One of Kraken’s core principles from day one has been accountability – to our customers, shareholders and employees. We don’t just measure success by volume, but by the quality of that volume. Not just by security, but by the depth and soundness of that security. Not just by accessibility, but by how seamlessly our products integrate liquidity and user experience.” Source: Kraken The announcement comes one day after the relaunch of Kraken’s staking program. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Catalyst Labs The post US-Based Crypto Exchange Kraken Reports Huge Boosts in Revenue and Trading Volume in 2024 appeared first on The Daily Hodl .
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Shiba Inu (SHIB): Mini Death Cross Formed, Dogecoin (DOGE) Plummeting Finally Stops, Bitcoin (BTC) is Actually In Downtrend?
Market not seeing recovery many anticipated The Daily Hodl
This Sub $1 Altcoin Emerges as the Perfect Hedge Against Ripple and Ethereum Volatility
Ripple and Ethereum have faced increased volatility, with both digital assets performing poorly during the week. As the market fluctuations continue, traders turn to PropiChain (PCHAIN) as a strategic hedge against volatility. PropiChain, a sub-$1 presale token, is near its all-time low. This offers investors an attractive entry point. The project has already raised over $2 million during its presale token, demonstrating its ability to outperform Ripple and Ethereum in 2025. Ripple Chairman Chris Larsen Sells XRP Tokens The action taken by the Ripple Chairman, Chris Larsen, could add selling pressure to XRP. Larsen has sold roughly $116 million in XRP in 2025 so far after a long holding period. The sale puts pressure on Ripple after XRP spent years under-performing. The sale indicates that Larsen is capitalizing on XRP’s recent bullish momentum. Some traders believe that the Ripple Chairman’s actions mark the top. XRP , the cryptocurrency associated with Ripple, is down 4% in the past week. XRP and Ethereum have lost ground this week although leading altcoins have suffered more losses. PropiChain is a Good Hedge Against Altcoin Volatility PropiChain has been tipped to be one of the best hedges against volatility. This is mainly because PCHAIN is near its all-time low, presenting an exciting opportunity for investors. It will also perform better than Ripple and Ethereum due to growing interest in the presale token. The project has already raised over $2 million, with more set to come after listing. As a tokenization platform, the altcoin supports fractional ownership. This tool allows users to buy portions of real estate, making it easy for retail traders to diversify their assets even with minimum capital. With AI at the heart of PCHAIN, the altcoin has practical use cases such as predictive market analysis. With AI-driven analysis, investors can make smart investment decisions. For example, PropiChain’s predictive market analysis would have alerted users that Jupiter (JUP) would make substantial gains after its acquired Moonshot. Thanks to this acquisition, JUP is up 35% this week. Additionally, AI is used in smart contract automation . This feature automates real estate transactions such as auto-leasing and lease renewals. This process reduces manual paperwork, simplifying the lives of landlords and investors. To keep the platform safe for users, PropiChain’s smart contracts have been audited by BlockAudit, one of the best security firms in the blockchain space. Furthermore, the project has automated valuation models, a tool for accurate property appraisals. This offers accurate, fair pricing for any property, allowing buyers and seller to close their real estate deals quickly. The metaverse also allows prospective buyers to view properties digitally using the metaverse. This reduces costs in property scouting. Can PCHAIN Outperform Ripple and Ethereum? An analyst claims that PCHAIN could be a better investment bet than Ripple and Ethereum. The emerging altcoin is up 200% during the first two stages of its ongoing token presale. On the other hand, Ripple and Ethereum are suffering losses as the market loses momentum. PCHAIN is tipped to mirror Ethereum’s 2020 – 21 rally when its price surged from $122 in February 2020 to an all-time high of $4,891 in October 2021. Investors’ Appetite for PropiChain Rises Investors are betting big on PropiChain because it is undervalued at $0.01. The altcoin has raised over $2 million in its ongoing fundraising round, highlighting growing investor confidence in PropiChain. The project has been listed on CoinMarketCap. This has given it extra exposure, a key factor in attracting new investors. The sub-$1 altcoin is tipped to grow by 35,000% in 2025 thanks to its low entry price, growing community, and AI-driven tools that simplify real estate activities such as buying, selling, or investing properties. With investors’ appetite rising, this is the best time to scoop the PCHAIN token for cheap during its ongoing presale. Join PropiChain’s token presale and convert $1K into $350K. For more information about the PropiChain Presale: Website: https://propichain.finance/ Join Community: https://linktr.ee/propichain Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . The Daily Hodl