Kraken CEO Comments on Bitcoin Market Cycle

**Kraken** has added **$APR** by @aPriori to its trading platform, marking another addition to the exchange's growing token roster. **Key Details:** - Trading is now live on the platform - Geographic restrictions apply to certain regions - Users can access trading through [Kraken's platform](https://app.kraken.com/JDNW/APR) This follows Kraken's recent pattern of regular token listings, including **$SHX**, **$VFY**, **$ANIME**, and **$ASTER** over the past few days. For complete details about the listing and any trading restrictions, users can check [Kraken's official blog post](https://blog.kraken.com/product/asset-listings/apr-is-available-for-trading).

**Kraken released its latest Proof of Reserves (PoR) audit** for September 30, 2025, demonstrating full backing of client assets. Key findings: - Client assets are backed **1:1 and beyond** - Maintains Kraken's commitment to transparency standards - Independent verification of reserve ratios The audit provides clients with **verified assurance** that their funds are fully secured on the platform. [Read the full report](https://blog.kraken.com/news/september-2025-proof-of-reserves)

**Kraken delivered strong Q3 2025 results** with significant growth across key metrics: **Financial Performance:** - Revenue: $648M (+50% QoQ) - Adjusted EBITDA: $178.6M (+124% QoQ) - Platform volume: $561.9B (+23% QoQ) - Assets on platform: $59.3B (+34% QoQ) - Funded accounts: 5.2M **Key Product Launches & Acquisitions:** - Launched xStocksFi for U.S. regulated derivatives - Acquired Capitalise.ai for no-code automation on KrakenPro - Acquired BreakoutProp - First major exchange to adopt DV Perpetual futures for retail - New funding rails in Argentina and Mexico - PayPal-enabled USD deposits Kraken positions these results as building toward a **global digital financial operating system** that enables seamless capital movement across asset classes and time zones. [Read full financial highlights](https://blog.kraken.com/news/q3-2025-financial-highlights)

**Kraken's CSO and Kitboga team up to expose crypto scams** At DEFCON33, Kraken's Chief Security Officer and popular scam-baiter Kitboga revealed how fraudsters target the crypto industry during Cybersecurity Awareness Month. **Key scam tactics exposed:** - Fake customer support calls impersonating exchanges - Bogus LinkedIn job advertisements targeting crypto professionals - Social engineering attacks on industry workers The presentation demonstrated real-world examples of these schemes and how they operate. One memorable moment showed a scammer claiming to be Kraken's CSO, only to be confronted by the actual CSO himself. [Watch the full DEFCON talk](https://www.youtube.com/watch?v=uLpCI6CV3Uw) *Stay vigilant and verify all communications through official channels.*

Kraken exchange added seven new tokens this week: - **$MYX** - Trading now available - **#U2U** - Listed for spot trading - **#SIDEKICK** - New addition to platform - **$ENSO** - Available for trading - **$RHEA** - Added to exchange - **$YB** - Now listed - **$SOMI** - Trading enabled The listings expand Kraken's token offerings across multiple categories. Users can now trade these assets through the platform's spot trading interface. *Check your Kraken account to explore the new trading pairs.*