Kraken parent Payward gains market share as slower trading weighs on earnings
MARKETSKrakencoinbrief/daily · 1 source
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- Low
- Sources
- 1
What happened
Payward, the parent company of Kraken, saw its adjusted EBITDA fall 66% year on year to $60 million. Its share of global spot trading nearly doubled and its fee-based services expanded, but slower trading activity weighed on earnings.
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Cointelegraph