Payward, Kraken’s parent company, reported its Q3 results: adjusted EBITDA was $60 million (+161% QoQ, −66% YoY), while platform margin was $487 million (+12% QoQ, −12% YoY).

Trading volume reached $353 billion (+22% QoQ, −30% YoY). The number of funded accounts grew to 7.1 million (+37% YoY), including 1.5 million paying customers (+74% YoY).

The company also disclosed plans to develop its business:

• Launch prediction markets for users in the US.
• Launch perpetual futures on stocks through its own CFTC-regulated infrastructure.
• Develop xStocks: launch investment funds based on tokenized stocks and the xPO platform, enabling private companies to raise capital by issuing shares on the blockchain.
• Create a personal AI agent to manage finances. It will operate within user-defined limits, and transactions will require prior approval.
• Test a credit card in the US and expand lending in Europe using customer deposits.

In October, assets under management (AUM) in xStocks exceeded $1 billion. Timelines for the launch of most new products have not yet been disclosed.