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Kraken announced plans to launch tokenized stock trading for non-U.S. customers and completed the $1.5 billion acquisition of U.S. retail futures trading platform NinjaTrader in early 2025
Krak is currently available in eligible jurisdictions and Kraken plans to expand its functionality by adding financial product integrations and enhanced identity tools for enterprise payments in upcoming updates
Kraken has launched Kraken Prime, a prime brokerage platform for institutional investors that offers services including asset-backed lending, T+1 settlement facilities and an in-house smart order routing system
Krak's primary revenue model is based on exchange fees charged when users convert between over 300 supported crypto and fiat currencies within the app
Cash App had 57 million monthly active users and $3.9 billion in quarterly revenue, while Venmo had 68.3 million users in 2024; both platforms offered limited support for cryptocurrency transactions compared to Krak as of early 2025

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Kraken launches Krak app

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