Kraken parent Payward gains market share as slower trading weighs on earnings
MARKETSKrakencoinbrief/daily · 1 source
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What happened
Payward, parent of Kraken, reported adjusted EBITDA down 66% year on year to $60 million. Its share of global spot trading nearly doubled over the period, and fee-based services grew, but overall lower trading volumes compressed profitability. The article does not give further detail on the period covered or next steps.
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Cointelegraph