Kraken Q3 Revenue +114% reach $648M; Volume +106% as IPO dey near
Kraken talk say dem make Q3 revenue of $648 million, up 114% from last year, plus trading volume rise 106% reach $561.9 billion. Adjusted EBITDA hit $178.6 million, wey make profit margins rise to 27.6%. Assets wey dem dey keep for custody climb 89% to $59.3 billion and funded users reach 5.2 million. Growth na because of strategic acquisitions like Breakout, launch of dem US derivatives arm wey dey offer CME-listed crypto futures, plus tokenized securities platform for European investors. For late September, Kraken secure $500 million private funding with $15 billion valuation. The exchange dey plan IPO for 2026 and wan file SEC registration by end of 2025. Traders suppose watch Kraken’s margin trend and IPO timeline as signs make dem know institutional confidence plus possible market liquidity changes.
Bullish
Record revenue growth, katakata sayin tori fo trading volume an better profit margins show say plenty people wan buy digital assets for Kraken. Dem raise $500M for fund wit $15B valuation an dey plan fo put SEC registration for before end of 2025, dis one make institutions trust dem well. For short term, better result fit make trading an liquidity for di platform beta. For long term, if IPO for 2026 succeed, e fit bring regulated money come an make market more clear, e fit boost the better trend sharp sharp.