Kraken's Q3 revenue reached $648 million, a year-on-year increase of 114%

ChainCatcher news, according to Bloomberg, the cryptocurrency exchange platform Kraken has stated that its third-quarter revenue has doubled as the company prepares for its U.S. listing next year.

According to the statement, Kraken (the company's official name is Payward Inc.) reported revenue of $648 million, a year-over-year increase of 114%.

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