Kraken parent Payward’s Q3 earnings fall 67% as crypto trading slows
Kraken parent Payward has reported a 67% annual drop in third-quarter adjusted earnings as weaker cryptocurrency trading activity weighed on its financial performance, despite a recovery from the previous quarter. According to a shareholder letter reviewed by Bloomberg News on… Kraken’s parent Payward is increasingly relying on businesses outside crypto trading to support its financial performance as weaker market activity weighs on transaction fees.
