Kraken's revenue in the second quarter was $412 million, a year-on-year increase of 18%

ChainCatcher news, according to Bloomberg, the cryptocurrency exchange Kraken reported an increase in its second-quarter revenue, but a slight decline in adjusted earnings as market share grew. The company stated that its second-quarter revenue increased by 18% year-over-year to $412 million; due to the company's investments in new products and geographic expansion, adjusted pre-tax profit reached $79.7 million, down about 7% from $85.5 million. Kraken's total trading volume for the quarter reached $186.8 billion, a year-over-year increase of 19%. The number of funded accounts at Kraken grew by 37%, reaching 4.4 million. Kraken co-CEO Arjun Sethi stated in an interview: "We are not just riding this cycle; we are also capturing more market share. Our market share is comprehensively increasing."