Core Insights - Kraken's overall performance is weaker compared to Robinhood, with Robinhood's revenue doubling year-on-year and its stock price increasing nearly 185% in 2025 [2] - Kraken's revenue decline is attributed to market volatility and the trading off-season, alongside the impact of new tariffs imposed by former President Trump [3] Group 1: Kraken's Financial Performance - Kraken's adjusted EBITDA fell to $79.7 million, a decrease of 6.8% from $85.5 million year-on-year, and a significant drop of 57% from the first quarter's $187 million [3] - In Q2, Kraken's total revenue was $411.6 million, a quarter-over-quarter decrease of 13% from $471.7 million in Q1, but still an 18% increase compared to the same quarter last year [3] - The second quarter is typically a low trading period for the cryptocurrency market, compounded by increased investor caution due to new tariffs, which affected market confidence and led to Bitcoin prices dropping to a yearly low of around $76,000 in early April [3] Group 2: Robinhood's Financial Performance - Robinhood reported a 32% year-on-year increase in cryptocurrency trading volume, reaching $28 billion, with related trading revenue surging 98% to $160 million [4] - The diluted earnings per share for Q2 were $0.42, more than doubling year-on-year, while quarterly revenue grew by 45% to $989 million, both exceeding market expectations [4] - Although trading volume decreased from $46 billion in Q1, it still showed strong growth compared to the same quarter last year, with Q1 cryptocurrency trading revenue at $252 million [4] - Kraken's total trading volume was $186.6 billion, indicating a preference among high-net-worth investors for Kraken as a cryptocurrency investment platform [4]
加密货币交易平台财报表现不一 第二季业绩Robinhood优于Kraken
Sou Hu Cai Jing·2025-07-31 23:27