[Kraken's Q3 Revenue in the U.S. CEX Surges 114% Year-on-Year, Total Trading Volume Up 106% Year-on-Year] BlockBeats reports that on October 26, U.S. cryptocurrency exchange Kraken released its Q3 financial report, showing revenue of $648 million, a year-on-year increase of 114%, setting a new historical high. Adjusted EBITDA reached $179 million, with a profit margin rising to 27.6%. Additionally, the platform's total trading volume grew 106% year-on-year, reaching $561.9 billion, while platform assets increased by 89% to $59.3 billion. Kraken's user base continues to expand, with registered accounts reaching 5.2 million by the end of the quarter. Kraken stated that the growth was primarily driven by multiple acquisitions in 2025 and its ongoing IPO plans. On September 26, *Fortune* magazine reported that Kraken raised $500 million at a valuation of $15 billion, fueling speculation that the company plans to go public with an IPO sometime in 2026. (Cointelegraph)