How Kraken is quietly becoming the most bankable name in crypto
Kraken’s record-breaking third quarter paints a vivid picture of a maturing crypto market and a grown-up company setting its sights on a long-awaited public debut. With $648 million in revenue and $178.6 million in adjusted EBITDA, Kraken posted its highest-ever profits in Q3, up 114% year-on-year. Unlike some of its counterparts that have struggled throughout this bearish bull cycle, Kraken has shown that it’s not just surviving but thriving through it.
Breaking records and setting standards
In Q3 2025, Kraken’s revenues surged 50% quarter-over-quarter and 114% year-over-year. That’s a result that reflects its diversified product strength and operational discipline. Adjusted EBITDA of $178.6 million marked a 124% jump from…
