Kraken Q2 Earnings: Rev +18%, Profit -7%, Tokenized Stocks

Kraken Q2 earnings show say dem get revenue of $411.6 million, up 18% compared to last year, but adjusted profit drop small by 7% to $79.7 million because dem dey do strategic “build mode.” Strong crypto trading volume growth plus platform metrics confirm di results. Trading volume rise 19% to $186.8 billion, assets under custody climb 47% to $43.2 billion, and funded accounts increase 37% to 4.4 million. Kraken Q2 earnings also show say stablecoin-to-fiat market share jump from 43% to 68%. To diversify, Kraken add more product for their suite. Dem introduce in-app US stock trading, 24/7 forex perpetual futures, and xStocks tokenized blue-chip stocks and ETFs. Di exchange dey raise $500 million at $15 billion valuation ahead of possible 2026 IPO. Meanwhile, Robinhood’s Q2 crypto revenue increase by 98% to $160 million, driven by more trading activity plus real-world asset tokenization. Robinhood Chain launch for Europe with new equity-like tokens for private companies. Impact for traders: strong trading liquidity and new tokenized equities give different opportunities. But pressure on adjusted earnings show say dey still dey invest instead of short-term profits. Market people suppose watch Kraken’s IPO plans plus the changing tokenized assets landscape for possible trading catalysts. Both Kraken Q2 earnings and Robinhood results show say crypto trading volume remain strong for the sector.