Kraken parent Payward's earnings fall as crypto downturn hits trading and lending
MARKETSKrakencoinbrief/daily · 1 source
- Severity
- Low
- Sources
- 1
What happened
Payward's Q3 2026 adjusted EBITDA was $60 million, down 67% year on year but up 163% quarter on quarter; trading volume fell 30% to $353 billion and platform margin fell 12% to $487 million, now reported instead of adjusted revenue. Funded accounts rose 37% to 7.1 million. On 11 November Kraken amended Nakamoto Inc.'s USDT loan: 60 million of the 165 million USDT owed now matures on 4 December 2027 (previously 4 December 2026), the remaining 105 million is still due 30 June 2027, and Nakamoto's bitcoin trading positions at Kraken now count towards the loan. Bloomberg reports the listing may slip to next year.
For experienced traders · 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