Coinspeaker

Oct 22, 2025

7 0

Kraken Achieves Record $648M Revenue in Q3 2025, Up 50%

Kraken's Q3 2025 Financial Performance:

• Revenue reached $648 million, marking a 47% increase from the previous quarter.
• Adjusted EBITDA soared to $178.6 million, a 124% rise quarter-over-quarter.
• Total platform transaction volume was $561.9 billion, up by 23%.
• Assets on the platform increased to $59.3 billion, a 34% growth.
• Funded accounts grew to 5.2 million from 4.6 million in Q2 2025.

Strategic Moves and Expansion:

• Acquired Small Exchange for $100 million to enhance derivatives offerings.
• Launched xStocks in partnership with Backed, providing tokenized US stocks outside the US.