Kraken reports third-quarter revenue of 648 million USD, up 114% year-over-year

Kraken’s revenue reached 648 million USD in Q3, reflecting a 114% increase compared to the previous year. The exchange is set to pursue a US IPO next year.

Total trading volume grew 106% to 561.9 billion USD, while the number of funded accounts rose by 46% to 5.2 million. Additionally, platform assets increased by 89% to 59.3 billion USD.