US CEX CEX Q3 revenue increased by 114% year-on-year, with the platform's total volume rising by 106%.

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On October 26, the American cryptocurrency platform CEX announced its Q3 financial report, with revenue reaching $648 million, a year-on-year increase of 114%, setting a new record high. Adjusted EBITDA was $179 million, with a profit margin rising to 27.6%. In addition, the platform's total trading volume grew by 106% year-on-year, reaching $561.9 billion, and platform assets increased by 89%, reaching $59.3 billion. CEX's user base is also continuously expanding, with registered accounts reaching 5.2 million by the end of this quarter. CEX stated that the growth is mainly due to several acquisitions and the ongoing IPO plans in 2025. On September 26, Fortune magazine reported that CEX raised $500 million at a valuation of $15 billion, with increasing speculation that the company plans to conduct an initial public offering sometime in 2026 (IPO). (Cointelegraph)

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