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Kraken Q3 Revenue Reaches $648 Million, Up 114% Year-on-Year
Summary: Cryptocurrency exchange platform Kraken announced that its third-quarter revenue has more than doubled as the company prepares for a US listing next year. According to the statement, Kraken (officially known as Payward Inc.) reported revenue of $648 million, a 114% increase year-on-year. The company defines revenue as GAAP gross revenue minus trading costs. Adjusted pre-tax ...
Cryptocurrency exchange platform Kraken announced that its third-quarter revenue has more than doubled as the company prepares for a US listing next year. According to the statement, Kraken (officially known as Payward Inc.) reported revenue of $648 million, a 114% increase year-on-year. The company defines revenue as GAAP gross revenue minus trading costs. Adjusted pre-tax earnings were $178.6 million, showing significant improvement compared to a slightly negative figure in the same period last year.
