Kraken’s Q2 profits dwindled from the corresponding period last year

Kraken, the long-established cryptocurrency exchange, saw its Q2 profits decline despite higher revenue. The crypto exchange reported $411.6 million in revenue for the quarter, an 18% increase from Q2 2024. However, adjusted earnings dropped 7% year-over-year to $79.7 million, down from $85.5 million. Kraken attributed the dip in profits to U.S. tariffs and broader macroeconomic […]

Source: cryptopolitan.com (Read Full Article)