Crypto downturn hits Kraken twice, as exchange and as lender
Kraken’s parent company, Payward, earned much less in the third quarter because fewer people traded crypto, according to the company’s financial results for the third quarter of 2026. The falling price of bitcoin is…
The company has not listed its shares on the stock market yet, and it is trying to prove it can earn through a down cycle. Why is Payward earning less?
Kraken’s parent company, Payward, makes most of its money from fees when people buy and sell crypto.
