Kraken’s revenues are more than twice during the year 2024 Mashfar Boom

Last year’s cryptocurrency boom was very good news for Corner exchange.

The company’s revenues multiplied more than twice in 2024 from 671 million dollars to $ 1.5 billion, Bloomberg News I mentioned Friday (January 31).

“This is what we look at, so we bear ourselves,” Arjun SethiCo-CEO told the company, told news outlet.

He added that Kraken is planning to continue to issue quarterly reports, which “gives us the ability to operate the spotlight when we are ready for the possibility of” a preliminary public offer (public subscription).

The report indicates that Seith, co -founder of the Venture Group Group The capital of the tribeCo-CEO’s Co-CEO was also near the end of last year. At the time, the encryption sector was high on supporting candidates Donald Trump at the time, with other digital asset companies. Support its offer To return to the White House.

During the Biden administration, Kraken – like other encryption companies – was a target of organizational work. In 2023, the company settle Securities and Stock Exchange Committee (secondInitials that they violated the bases of the agency for encryption, and ended its exciting operations in the United States

The company announced on Thursday (January 30) that it was Restart the smoke service In 39 US states and regions. Kraken still faces another SEC procedure accusing the work company as a file UnregisteredBroker merchant and clearing agency.

According to Bloomberg, Krakin thought about making a financing round before the subscription last year. The company has about 27 million dollars in the basic capital.

“We have the option to raise money or to raise debts if we want to do so,” Seithi told Bloomberg. “All options access to capital are available to us, regardless of whether we are from the private or public sector.”

Kraken explores the idea of ​​putting it publicly in a moment when “digital assets are steadily Get the prevailing acceptance“As PYMNTS was written on Friday.

This report was considered in the encryption sector through the newly modern MIM lens, which is still speculative and volatile, but still represents an entry point for new investors in digital assets.

In essence, digital assets are placed to pay innovation in global financing, while Meme currencies are often more than a Detail investor experience“Pymnts Books.

“While the MAC coins may continue to flourish in speculative trading cycles, the future of Blockchain technology depends on digital assets with a clear tool and strong organizational support and Institutional adoption“