Kraken Reports 114% Revenue Surge Prepping for IPO

Kraken has achieved a significant revenue surge, soaring 114% to $648 million in Q3 2025. This growth is largely attributed to increased trading activity and strategic acquisitions that have bolstered the exchange’s market position. Trading volume jumped by 23%, reaching $561.9 billion, while platform assets expanded by 34% to $59.3 billion. The company, preparing for its 2026 IPO, is seen as a key player in the crypto market’s evolution.