Kraken revenue has surged an astonishing 114% in the third quarter of 2025, hitting a mammoth $648 million, displaying financial prowess.
The crypto exchange giant described this as its most triumphant quarter yet, thanks to trading activity, user growth, and strategic acquisitions that have made it a digital asset powerhouse.
Kraken’s financial report paints a vibrant picture of prosperity.
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Kraken revenue numbers
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) soared to $178.6 million, with profit margins expanding by nine percentage points to 27.6%.
This meteoric rise in Kraken revenue shows the exchange’s ability to capitalize on a booming crypto market.
Kraken’s total trading volume exploded by 106% year-over-year, reaching $561.9 billion, while assets on the platform swelled 89% to $59.3 billion.
The exchange also welcomed a flood of new users and 5.2 million funded accounts by quarter’s end.
What’s fueling this surge in Kraken revenue?
One of the greatest fuels of this surge is an adventurous expansion strategy. The exchange, founded in 2011 is one of the U.S.’s longest-running crypto platforms. It has a string of high-profile acquisitions and innovative product launches.
In July, Kraken dove into the derivatives market, launching CME-listed cryptocurrency futures for U.S. traders, expanding its offerings beyond spot markets.
In September, Kraken made a splash by acquiring Breakout, entering the proprietary trading arena, and unveiling a tokenized securities platform for European investors, giving them access to tokenized U.S. stocks.
The firm is very ambitious to redefine the crypto landscape.
“We’re creating what legacy systems could only dream of,” Kraken said.
On September 26, Kraken secured $500 million in funding at a $15 billion valuation, fanning speculation about a potential initial public offering (IPO) in 2026 that would further enhance its positioning.
As the IPO buzz grows louder, all eyes are on Kraken to see how this crypto giant will reshape the future of finance.
