Kraken expands U.S. equities platform with crypto-grade infrastructure

Kraken reported record Q3 2025 revenues of $648 million, marking a 50% increase from the previous quarter and significant growth across platform metrics such as adjusted EBITDA, transaction volume, and assets. The US-based exchange expanded its derivatives business through acquisitions of NinjaTrader and Small Exchange, launched the xStocks tokenized equities product in partnership with Backed, and completed a Proof of Reserves audit. Tech in Asia https://lnkd.in/en_bxR9B

Kraken is going all in on derivatives, tokenization, and DeFi infra. 🧱📈 Co-CEO Arjun Sethi breaks down: ✨ Kraken’s regulated perp strategy ⚖️ What tokenized equities change ⚡ Launching Ink, a purpose-built L2 Don’t miss it 👇 https://lnkd.in/e8funC_2

Kraken is going all in on derivatives, tokenization, and DeFi infra. 🧱📈 Co-CEO Arjun Sethi breaks down: ✨ Kraken’s regulated perp strategy ⚖️ What tokenized equities change ⚡ Launching Ink, a purpose-built L2 Don’t miss it 👇 https://lnkd.in/emWkTH6B

We’ve launched of the Large Cap Index DTF ($LCAP), the first fully collateralized, token tracking the CF Large Cap (Diversified Weight) – US Index. $LCAP provides a transparent and efficient way to gain diversified exposure to the digital asset market in a tokenized format - with all the benefits that brings. Key Facts: ✅ Weighting Methodology: Diversified ✅ Rebalance Frequency: Quarterly ✅ Constituents: Top 95% of Liquid Digital Asset Market Cap Available on Coinbase & Kraken.

If you’re not sure what to invest in crypto, this seems like something to explore. Buying the market works for S&P 500 and NASDAQ so why not crypto? Congrats to CF Benchmarks on something that might help that retail investor. Disclosures: The above isn’t financial advice. Talk to somebody qualified, not some rando from the internet (me). A fool and his money are soon parted. Etc etc etc.

Kraken reports Q3 revenue of $648 million, up 114% YoY, driven by rising volumes and tighter cost control. #Kraken #Crypto #Exchange #Finance #Volume https://lnkd.in/eSW5ui6M

Kraken acquired Small Exchange for $100 million to bolster its U.S. derivatives offerings under CFTC license. What impact will this move have on the crypto markets? #Kraken #Derivatives #Crypto #Market #Regulation https://lnkd.in/eytNak7v

Momentum held firm this week as institutional adoption, product expansion, and regulatory clarity continued to drive the market forward. Coinbase deepened its push into AI-native payments and onchain capital formation, Kraken reported a triple-digit revenue surge ahead of a likely 2026 IPO, and JPMorgan began accepting BTC and ETH as collateral for institutional credit. The NHL inked multi-year deals with Kalshi and Polymarket, Ledger rolled out identity- and agent-aware hardware, and Trump moved to install a pro-crypto CFTC chair - underscoring how crypto is being pulled into regulated finance, consumer finance, and mainstream culture at once.   Read the key developments here: https://lnkd.in/gwXeJXpr

📈 Kraken says tokenized equities trading surpasses $5 billion as revenues double Kraken reported that trading in tokenized U.S. equities, offered via its xStocks platform in partnership with Backed, has exceeded $5 billion in combined CEX and DEX volume, generating over $1 billion in on-chain transactions and reaching more than 37,000 unique holders. The exchange said xStocks is now available to users in over 160 countries, supported by integrations with Bybit, Phantom, OKX Wallet, and Telegram. Kraken also announced record Q3 revenues of $648 million, more than double year-over-year compared to $303.5 million last year. Adjusted EBITDA climbed to $178.6 million, up from a $6.8 million loss, while transaction volume increased to $561.9 billion, a 23% quarter-over-quarter rise. SOURCE: The Block

Winners, Losers & Lessons from Crypto’s Largest Single-Day Liquidation After speaking with dozens of managers and allocators over the past week, we’ve pulled together a short overview of how different strategy types performed during last weekend’s sharp sell-off. The event was the largest wave of liquidations since FTX and served as a real-time stress test for crypto market infrastructure. - Delta-neutral and cross-exchange teams generally held up well - Mean-reversion and altcoin-heavy strategies were hit hardest - High-frequency and market-making desks saw strong performance in the chaos, but liquidity remains far more toxic than before the drop We also included a short “Rumor Mill” section that captures some of the industry chatter that’s been making the rounds this week. Read the full breakdown here 👇