Kraken, a centralized crypto exchange, reported a significant increase in its 2024 financials, with revenue reaching $1.5 billion, marking a 128% year-over-year growth compared to 2023. The exchange averaged over $2,000 in revenue per customer and managed $42.8 billion in assets. Kraken also reported an EBITDA of $330 million and a trading volume of $665 billion, facilitated by over 2.5 million funded accounts. Notably, the release of these figures coincides with substantial changes in Kraken’s service offerings. In November, Kraken announced the closure of its NFT marketplace, reallocating its efforts towards new products and services. Additionally, the company was selected by the FTX bankruptcy estate to distribute payments to creditors, which could potentially boost trading activity. In December, Kraken reintroduced staking services for 17 digital assets in the United States after a hiatus due to regulatory issues with the SEC. These developments illustrate Kraken's efforts to adapt and grow amidst changing market dynamics.

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