Ripple Swell 2025 Key Updates Day 1

BitcoincomNews

2025-11-05 18:47:25

November 5, 2025 06:48:12 UTC

Kraken Reports Record Q3 Growth With 114% Surge in Profits

Kraken co-CEO David Ripley announced record-breaking Q3 profits during his appearance at Ripple Swell 2025. The exchange reported a 114% year-over-year increase and a 50% rise quarter-over-quarter. Ripley attributed the surge to strong performance across derivatives, staking, lending, and new products. He emphasized that Kraken’s expansion into traditional finance, including futures and equities, positions it as a full-service financial technology platform.

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