The Crypto Assets exchange Kraken's revenue doubled in the third quarter.

Jin10 data reported on October 22 that the cryptocurrency exchange Kraken stated that as the company prepares to go public in the United States next year, its revenue for the third quarter has more than doubled year-on-year. The statement shows that Kraken's revenue reached $648 million, an increase of 114% compared to the same period last year. The adjusted pre-tax earnings for the third quarter were $178.6 million, a significant improvement from a slight loss in the same period last year. The platform's total trading volume rose 106% to $561.9 billion, and the total number of funded accounts on the platform increased by 46% to 5.2 million. The company stated that the scale of assets under custody on the platform grew by 89% to $59.3 billion. With the IPO approaching, Kraken has been very active. On October 16, the company expanded its business footprint in the U.S. derivatives market through an acquisition, which is one of several acquisitions this year. The exchange also began supporting various CME futures contracts ranging from stock indices to energy and metals.