Kraken parent Payward posts Q3 profit rebound but earnings remain well below last year
MARKETSPaywardcoinbrief/daily · 1 source
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What happened
Kraken's parent company, Payward, said its customers kept adding assets for a year, even though those assets were worth less in dollars. Its adjusted earnings rose to $60 million in the third quarter, up from $23 million in the previous quarter, but still well below a year earlier. There is still no date set for its stock market listing.
Like I’m new · 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