PANews reported on July 30 that according to Bloomberg, the crypto exchange Kraken said its second-quarter revenue grew, but adjusted earnings declined slightly as market share increased. The company stated that its second-quarter revenue increased 18% year-on-year to US$412 million; due to the company's investment in new products and regional expansion, adjusted pre-tax profit reached US$79.7 million, down about 7% from US$85.5 million. Kraken's total exchange trading volume reached US$186.8 billion this quarter, a year-on-year increase of 19%. The number of Kraken's funded accounts increased 37% to 4.4 million. Kraken Co-CEO Arjun Sethi said in an interview: "We're not just riding the cycle, we're taking market share. Our market share is increasing across the board."

Earlier today, news broke that Kraken was seeking $500 million in funding at a $15 billion valuation.