Kraken Achieves Record Q3 Revenue, IPO Speculation Rises

Kraken has posted record-breaking quarterly revenue for the third quarter of 2025, surging past previous year figures and fueling speculation about a potential Initial Public Offering (IPO). The exchange reported $648 million in revenue, representing a staggering 114% increase compared to the same period last year. This impressive growth was driven by strategic acquisitions and product expansions, contributing to Kraken’s prominent market position.