Kraken parent Payward posts Q3 profit rebound but earnings remain well below last year
MARKETSPaywardcoinbrief/daily · 1 source
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What happened
Payward, the parent of the Kraken exchange, reported third-quarter adjusted EBITDA of $60 million, up from $23 million in the second quarter but down 67% year on year, according to a shareholder letter cited by Bloomberg. Average platform assets fell 21% to $43 billion, while funded accounts grew 37% to 7.1 million. Payward also now uses Total Platform Margin as its main measure, and its IPO has no date set.
For IT people · Written by AI from 1 source · Wrong?
What to do
- Watch Payward's fourth-quarter results to see whether the profit rebound continues into 2027.
- Watch for any announcement on the timing of Kraken's US listing, which currently has no date set.
Written by AI from the sources, checked against them
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Who reported · 1 outlet
BeInCrypto