Revenue doubled: Kraken presents strong Q3 figures

INFBusiness
24.10.2025
Markets

The crypto exchange Kraken more than doubled its revenue in the past quarter, according to a financial report released today.
Kraken generated $648 million in Q3, an increase of 114 percent compared to the same quarter last year and 55 percent compared to Q2 this year. This is the highest revenue the company has ever achieved.
After deducting costs and taxes, this leaves a profit of $178.6 million – double the figure for Q2 and a significant increase over the same quarter last year, when Kraken previously reported a loss of $6.8 million.
The crypto exchange's performance correlates with the price rally experienced by various cryptocurrencies in the third quarter. During this period, Bitcoin, for example, temporarily set a new all-time high, which was even surpassed again in early October. Ethereum investors also had reason to celebrate when ETH reached a new high in August.
In addition to the positive macroeconomic conditions, strategic corporate decisions are also bearing fruit for Kraken. One example is the acquisition of NinjaTrader. In March, Kraken acquired the futures platform for $1.5 billion. Since the acquisition, revenue from the futures division has more than tripled.
Kraken also provided its first update on its prestigious project xStocks, which makes stock trading available 24/7 through tokenization. The platform reached a CEX and DEX volume of $5 billion with 37,000 users.
And the next mission is likely already on the horizon: an IPO. In March 2024, Bloomberg reported that Kraken is aiming for a stock market debut in the first quarter of 2026, aided by a more crypto-friendly regulatory environment under the Trump administration.

Recommended Video: What is ASTER? And WHY are CZ & Mr. Beast investing?