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>>Top Altcoins to Purchase as Kraken Sets a Record with a 114% Year‑Over‑Year Surge

Top Altcoins to Purchase as Kraken Sets a Record with a 114% Year‑Over‑Year Surge

crypthub

3 days ago

Kraken’s Revenue Surge

Kraken reported a 114% year‑over‑year revenue increase and a 50% rise quarter‑over‑quarter. Trading volume jumped to $561.9 B, up 23% from the prior quarter, while assets under management hit $59.3 B. These metrics place Kraken alongside Coinbase and Binance. Its growth outpaces much of the broader crypto sector.

Strategic Acquisitions and xStocks

The exchange acquired NinjaTrader and Small Exchange, strengthening its U.S. derivatives capabilities. Its xStocks platform enables users in over 160 countries to trade tokenized U.S. equities without intermediaries, generating more than $5 B in volume within months. This blend of Wall Street and Web3 fuels rapid user adoption.

Future Outlook and Altcoin Picks

Kraken raised $500 M at a $15 B valuation and may pursue a 2026 IPO, potentially lifting its market cap toward $20 B. The report spotlights three low‑cap tokens with high upside: PEPENODE, BEST, and AURA. Investors should conduct thorough research before committing capital.