Kraken Parent Payward Takes Revenue Hit as Q3 Adjusted EBITDA Falls 67%

Poin penting

• Payward, the parent company of cryptocurrency exchange Kraken, experienced a significant financial decline in the third quarter.
• The company reported a 67% drop in its adjusted EBITDA compared to previous performance.
• Additionally, Payward revised its second-quarter adjusted revenue downward to $498 million, falling from the initial $508 million figure reported in August.

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