Kraken's Record Q3 2025 Revenue
Kraken, a cryptocurrency exchange, reported its strongest financial results ever for the third quarter of 2025.
- Revenue: $648 million, up 50% from the previous quarter and 114% from a year earlier.
- Adjusted EBITDA: $178.6 million, reflecting a 124% quarterly increase and a nine-point margin expansion to 27.6%.
- Trading volume: $561.9 billion, marking a 23% increase quarter-over-quarter and more than doubling from last year.
- Assets held on the platform: $59.3 billion, up 34% from Q2.
- Customer base: 5.2 million funded accounts by the end of September.
These metrics underscore Kraken's market strength and the scalability of its multi-product platform.
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Author's summary: Kraken posts record Q3 revenue.