Kraken just hit a major milestone, boasting over 5.2 million funded accounts by the end of Q3. This impressive figure reflects the growing engagement from both retail and institutional investors, driven by the exchange’s thriving performance and strategic acquisitions. Kraken’s third-quarter revenue soared to $648 million, marking its best quarter since its founding in 2011. This growth is attributed to a surge in trading volume, with total transactions reaching $561.9 billion. The company also reported an impressive adjusted EBITDA of $178.6 million, a significant jump from the previous year’s 18.5%. These record-breaking results, fueled by Kraken’s strategic acquisitions and expansion into new markets, put it among the fastest-growing major crypto exchanges in the industry. The company is preparing for a potential IPO in 2026, driven by its strong financial performance and ambition to bridge the gap between traditional finance and digital assets.