Kraken parent Payward's earnings fall as crypto downturn hits trading and lending
MARKETSKrakencoinbrief/daily · 1 source
- Severity
- Low
- Sources
- 1
What happened
Payward, the parent of Kraken, reported adjusted EBITDA of $60 million for Q3 2026, down 67% year on year, as trading volume fell 30% to $353 billion and platform margin dropped 12% to $487 million. Funded accounts rose 37% to 7.1 million. Kraken also extended Nakamoto Inc.'s repayment terms, and Bloomberg reports Payward's planned stock listing may not happen before next year.
For IT people · Written by AI from 1 source · Wrong?
What to do
- Watch for Payward's planned stock listing, which Bloomberg reports may not happen before next year.
Written by AI from the sources, checked against them
Full story timeline · 1 update
Who reported · 1 outlet
Cryptopolitan
Who and what is in it
Companies