Kraken parent diversifies revenue beyond crypto trading
Payward, Kraken’s parent company, reported platform margin of $487 million in the third quarter, down 12% year over year due to lower trading activity. However, revenue tied to services and data access grew to 52% of the total, driven by its expansion into financial services. This showed a recovery, with margin rising 12% compared with the second quarter.
$ENA $SOL $BTC
#Kraken #Diversificacion #Finance
Payward, Kraken’s parent company, reported platform margin of $487 million in the third quarter, down 12% year over year due to lower trading activity. However, revenue tied to services and data access grew to 52% of the total, driven by its expansion into financial services. This showed a recovery, with margin rising 12% compared with the second quarter.
$ENA $SOL $BTC
#Kraken #Diversificacion #Finance
