Kraken Reports $648 Million Q3 Revenue with 114% Yearly Growth

Kraken’s record quarterly results reflect acquisitions and IPO preparation, with significant gains in trading volume boosting profitability.

175d ago

Summary

Kraken reported $648 million in Q3 revenue, marking a 114% increase year-on-year and an all-time high for the exchange. Adjusted EBITDA reached $179 million with a 27.6% margin, while trading volume rose 106% to $561.9 billion. The company attributed its growth to acquisitions made in 2025 and its forthcoming IPO plans.

Terms & Concepts

Adjusted EBITDA: A financial metric showing earnings before interest, taxes, depreciation, and amortization, adjusted for irregular or non-recurring items.
IPO: Initial Public Offering; the process by which a private company offers shares to the public for the first time.
Trading Volume: The total value of all trades executed on an exchange over a specific period.