Kraken 2025 年第三季度超預期：收入猛增 50% 增長！

Kraken剛剛投下了重磅炸彈！ 2025 年第三季度收入激增 50%，達到創紀錄的 6.48 億美元。讓我們深入探討一下是什麼推動了這個加密貨幣交易所巨頭的發展。

Kraken's Q3 2025 Blows Expectations: Revenue Soars with 50% Growth!

Kraken 2025 年第三季度超預期：收入猛增 50% 增長！

Kraken's Q3 2025 numbers are in, and they're HUGE. Revenue skyrocketed, assets under management are booming, and earnings before taxes are through the roof. What's driving this crypto juggernaut?

Kraken 的 2025 年第三季度數據已經公佈，而且數量巨大。收入猛增，管理的資產蓬勃發展，稅前利潤飆升。是什麼推動了這個加密貨幣巨頭的發展？

Record-Breaking Revenue: A Deep Dive

破紀錄的收入：深入探討

Kraken isn't just doing well; it's setting records. Q3 2025 saw a whopping $648 million in revenue, a 50% jump from the previous quarter's $303.5 million. And get this: Kraken says this growth wasn't just from one lucky area – it was "broad-based across nearly all products." Translation? They're crushing it across the board.

Kraken 不僅表現出色，而且表現出色。它正在創造記錄。 2025 年第三季度的收入高達 6.48 億美元，比上一季度的 3.035 億美元增長 50%。請注意：Kraken 表示，這種增長不僅僅來自一個幸運的領域，它“廣泛涉及幾乎所有產品”。翻譯？他們正在全麵粉碎它。

Beyond Revenue: Other Key Metrics Exploding

超越收入：其他關鍵指標呈爆炸式增長

It's not just revenue. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) hit $178.6 million, a 124% quarter-over-quarter increase. Margins expanded too, up 9 points to 27.6%. Platform transaction volume surged to $561.9 billion (up 23%), and assets on the platform reached $59.3 billion (a 34% increase). They're not just making more money; they're managing a whole lot more assets.

這不僅僅是收入。調整後 EBITDA（息稅折舊攤銷前利潤）達到 1.786 億美元，環比增長 124%。利潤率也擴大了 9 個百分點，達到 27.6%。平台交易額飆升至5619億美元（增長23%），平台資產達到593億美元（增長34%）。他們不僅賺更多的錢，而且還賺更多的錢。他們管理著更多的資產。

Why the Sudden Growth Spurt?

為什麼突然增長？

2025 is shaping up to be Kraken's year. Several strategic moves seem to be paying off big time. The acquisition of Small Exchange, a CFTC-licensed Designated Contract Market (DCM) firm, for $100 million is a power move. This sets the stage for Kraken to launch its own US-native derivatives platform. They also rolled out xStocks in June, offering tokenized versions of US stocks to international clients.

2025 年將是 Kraken 的一年。幾項戰略舉措似乎取得了巨大的回報。以 1 億美元收購 Small Exchange（一家獲得 CFTC 許可的指定合約市場 (DCM) 公司）是一項重大舉措。這為 Kraken 推出自己的美國本土衍生品平台奠定了基礎。他們還在 6 月份推出了 xStocks，向國際客戶提供美國股票的代幣化版本。

Stronghold's SHx Token Joins the Party

Stronghold 的 SHx 代幣加入派對

Adding another layer to the Kraken story, Stronghold's SHx token is now trading on the exchange. This is SHx's first listing on a U.S.-based exchange, expanding access to a token that's all about real-world utility – payments, settlements, and community governance within the Stronghold ecosystem. It signifies Kraken's dedication to list tokens that have underlying utility.

Stronghold 的 SHx 代幣現已在交易所交易，為 Kraken 的故事增添了另一層內容。這是 SHx 首次在美國交易所上市，擴大了對與現實世界實用性相關的代幣的訪問範圍——Stronghold 生態系統中的支付、結算和社區治理。它標誌著 Kraken 致力於列出具有潛在實用性的代幣。

Aave's Buyback Bonanza: What It Means for the Market

Aave 的回購熱潮：對市場意味著什麼

While not directly related to Kraken's revenue, Aave's DAO proposing a $50 million annual token buyback program shows the confidence that these crypto players have in their future and the market. It is a good time to be building in the space.

雖然與 Kraken 的收入沒有直接關係，但 Aave 的 DAO 提議每年 5000 萬美元的代幣回購計劃表明了這些加密貨幣玩家對未來和市場的信心。現在是在這個空間中建造的好時機。

My Take: Kraken's Positioned for the Future

我的看法：Kraken 的未來定位

Let's be real, these numbers are impressive. Kraken's strategic acquisitions, new product launches, and focus on compliance are clearly resonating with users. The company's commitment to expanding its offerings while maintaining a secure platform is a winning formula in the ever-evolving crypto landscape.

說實話，這些數字令人印象深刻。 Kraken 的戰略收購、新產品發布以及對合規性的關注顯然引起了用戶的共鳴。該公司致力於擴展其產品，同時維護安全平台，這是不斷發展的加密貨幣領域的製勝法寶。

It's not all sunshine and rainbows, though. The crypto market can be volatile, and regulatory headwinds are always a concern. But for now, Kraken is firing on all cylinders.

然而，這並不全是陽光和彩虹。加密貨幣市場可能會波動，監管阻力始終是一個令人擔憂的問題。但目前，Kraken 正全力以赴。

The Bottom Line

底線

Kraken's Q3 2025 performance is a testament to its strategic vision and execution. With revenue soaring, assets under management booming, and key acquisitions in place, Kraken is well-positioned for continued growth. And hey, who doesn't love a good crypto comeback story? It's like watching your favorite team win the championship after a tough season. Let's see what Q4 brings!

Kraken 2025 年第三季度的業績證明了其戰略願景和執行力。隨著收入飆升、管理資產蓬勃發展以及關鍵收購的到位，Kraken 已做好持續增長的準備。嘿，誰不喜歡加密貨幣捲土重來的好故事呢？這就像看著你最喜歡的球隊在經歷了一個艱難的賽季後贏得冠軍一樣。讓我們看看第四季度帶來了什麼！