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Payward Second-quarter profits in 2026 fell by 71%, while revenue increased by 17% year-on-year
2026-08-14 19:46:19
According to CoinMeta, and as reported by Bloomberg, the adjusted pre-tax profit of Kraken's parent company Payward in the second quarter of 2026 was 23 million US dollars, a 71% decline from 79.7 million US dollars in the same period last year. During the same period, adjusted revenue increased by 17% year-on-year to 508 million US dollars. Payward stated that weak trading volume in the crypto market put pressure on profitability.
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Source：Internet
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