Payward Q3 EBITDA $60 million, a year-on-year decrease of 67%
2026-11-13 21:02:02
According to CoinMeta, the shareholder letter of Payward, the parent company of Kraken, shows that the company's EBITDA for the third quarter was adjusted to 60 million US dollars, a year-on-year decrease of 67%, but a month-on-month increase of 163%. The platform's total profit contribution decreased by 12% to 487 million US dollars, and the total platform transaction volume decreased by 30% to 353 billion US dollars. As of the end of the third quarter, the number of accounts with a fund balance on the platform increased by 37% to 7.1 million. In addition, Payward plans to expand its forecasting market business and launch its own token, but no specific timeline has been disclosed yet. Previously, Bloomberg reported that the IPO of Payward might be postponed until 2027.
Source:Bloomberg
This content is for market information only and does not constitute investment advice.
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