Kraken achieves revenue boost in Q1 2025 but faces North Korean hacking scare

Kraken reported a strong start to 2025, with a 19% increase in revenue and a 1% rise in adjusted EBITDA for the first quarter. The company’s performance indicators, including trading volume and funded accounts, showed positive momentum. Kraken also completed the acquisition of NinjaTrader, expanding its product offerings to include derivatives trading in the US. However, the exchange faced a security threat from a suspected North Korean hacker who attempted to infiltrate the company using false identities and deceptive tactics.