Kraken Parent’s Profit Rebound Still Leaves a Wide Gap Before Its IPO
Kraken parent Payward said clients kept adding assets for 12 straight months, even as those holdings lost dollar value. Its adjusted earnings rose to $60 million in the third quarter, up from $23 million in the second. However, that was still 67% below a year earlier, Bloomberg reported, citing a shareholder letter. These are its The post Kraken Parent’s Profit Rebound Still Leaves a Wide Gap Before Its IPO appeared first on BeInCrypto.
Key Takeaways
- Kraken parent Payward said clients kept adding assets for 12 straight months, even as those holdings lost dollar value.
- Its adjusted earnings rose to $60 million in the third quarter, up from $23 million in the second.
- However, that was still 67% below a year earlier, Bloomberg reported, citing a shareholder letter.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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