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.…
Read it in your languageMachine translation by Google of the publisher's page
More in Business
From the blog
Senate Questions US Crypto Charters as Coinbase Gains Final Approval
US regulators are allowing more cryptocurrency companies to operate under US crypto trust charters, but the expansion is attracting growing…
Yuki Yamamoto3 min read
MegaETH Lays Off 20% of Staff to Pivot Toward AI Marketplace
MEGA, the entity behind Ethereum Layer 2 network MegaETH, has laid off 20% of its staff to pivot toward artificial…
Yuki Yamamoto3 min read
Crypto Funds Lose $1.5B as Bitcoin Slump Deepens
Crypto investment products suffered $1.55 billion in net outflows last week as US spot Bitcoin ETFs experienced over $1 billion…
Yuki Yamamoto3 min read