CryptoUpdated 1h ago

Payward’s third-quarter adjusted EBITDA fell 66% to $60 million

Payward, Kraken’s parent, had third-quarter adjusted EBITDA of $60 million, down 66% year over year. Slower trading weighed on earnings even as its share of global spot trading nearly doubled. The contrast is hard to miss: a bigger spot-trading footprint alongside a much lower adjusted EBITDA figure.

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