Kraken’s Q3 Revenue Doubles YoY, Tokenised Stock Volume | Crypto Work Pro
Kraken, the US-based crypto exchange now getting into conventional finance, revealed that tokenised shares on its platform have exceeded $5 billion throughout each centralised and decentralised venues. The quantity of distinctive holders of these tokenised shares additionally went previous 37,000.
The platform gives tokenised shares solely to its non-US prospects.
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A Solid Jump in Revenue
The San Francisco-headquartered company ended the third quarter of 2025 with income of $648 million, an increase of 50 per cent from the earlier quarter and 114 per cent year-on-year.
The exchange additionally highlighted that “revenue growth was broad-based across nearly all products,” with out revealing any product-specific figures.
The platform’s adjusted EBITDA for the three months reached $178.6 million, up 124 per cent quarter-on-quarter. The EBITDA margin additionally elevated by 9 factors to 27.6 per cent.
Transaction quantity rose 23 per cent quarter-on-quarter to $561.9 billion. Meanwhile, property on the platform grew 34 per cent to $59.3 billion. At the tip of Q3, the platform had 5.2 million funded accounts.
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Kraken’s Move in the direction of Mainstream Finance
Kraken posted these numbers amid ongoing expectations that it plans to go public subsequent yr. It is reportedly raising $500 million at a $15 billion valuation.
The exchange can be increasing past crypto. It obtained a MiFID II licence by buying a Cyprus-based broker earlier this yr after which launched crypto perpetual contracts by way of it for European customers.
In the US, the exchange purchased NinjaTrader earlier this yr for $1.5 billion, and more not too long ago acquired one other CFTC-regulated derivatives venue, Small Exchange, from London-listed IG Group.
Kraken additionally launched equity trading providers within the US earlier in April. It gives shares and exchange-traded funds (ETFs) trading in about a dozen US states. Recently, it expanded its equities offering by introducing stock lending options and permitting customers to switch their stock holdings from different brokerage platforms to Kraken.
“We are building what legacy financial systems were not designed to achieve,” Kraken famous.
This article was written by Arnab Shome at www.financemagnates.com.
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