Kraken’s Q2 revenue saw an 18% climb, reaching $411.6 million, but was impacted by Trump tariffs. EBITDA was $79.7 million, a 7% YoY decline. Total exchange volume hit $186.8 billion, up 19% YoY. Assets on the platform grew to $43.2 billion, with 4.4 million funded accounts.

In Q2, Kraken launched new products, secured licenses in Ireland and Canada, and plans to expand commission-free stock trading. Despite a strong Q2, all eyes are on Coinbase’s upcoming earnings report. Robinhood also posted better-than-expected results, adding to the competition in the crypto trading space.

Read more at Yahoo Finance: Kraken’s Q2 revenue climbs 18% but Trump tariffs take a bite