Kraken parent Payward gains market share as slower trading weighs on earnings
Summary
Crypto exchange operator Payward experienced a significant drop in annual adjusted earnings despite expanding its fee services. At the same time, the company nearly doubled its portion of worldwide spot trading activity during the same period.
Payward’s adjusted EBITDA fell 66% year over year to $60 million, even as its share of global spot trading nearly doubled and fee-based services expanded.
Source: Read the full story at Cointelegraph.com News
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