Kraken Achieves $648 Million in Q3 Revenue, a YoY Growth of 114%

BlockBeats News, October 22nd, the cryptocurrency exchange platform Kraken stated that as the company prepares for a U.S. listing next year, its third-quarter revenue has more than doubled. According to the announcement, Kraken (officially known as Payward Inc.)'s revenue reached $648 million, a 114% year-on-year increase.

The company defines revenue as GAAP gross revenue minus transaction costs. Adjusted pre-tax earnings were $178.6 million, a significant improvement compared to slightly negative figures for the same period last year.