Kraken Q3 revenue hits $648 million, surges 114% YoY as US IPO looms

Kraken reported $648 million in Q3 revenue, up 114% year-over-year and 50% quarter-over-quarter, according to the company’s earnings report released on Wednesday after the bell. Adjusted EBITDA hit $178. 6 million, up 124% from last quarter, with margins rising to 27. 6%. That’s a 9-point jump. Kraken said it achieved this while keeping costs tight and still […] source: https://www.cryptopolitan.com/kraken-q3-revenue-hits-648-m/