Kraken parent Payward's earnings fall as crypto downturn hits trading and lending
MARKETSKrakencoinbrief/daily · 1 source
- Severity
- Low
- Sources
- 1
What happened
Kraken's parent company, Payward, earned much less in the third quarter of 2026 because the falling price of bitcoin meant fewer people traded. The drop also made the bitcoin used as security on its loans less valuable, so Kraken gave one borrower, Nakamoto Inc., more time to repay.
Like I’m new · 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