đ Kraken expands beyond crypto trading, making revenue less "red"
Payward, the parent company of the Kraken exchange, recently said that expanding into areas beyond cryptocurrency trading is helping to ease the decline in revenue.
According to CoinDesk, the companyâs profit and its new financial performance metric were still lower than in the same period last year. However, the report noted signs of improvement since the second quarter.
One notable point is that major exchanges are no longer relying solely on trading fees. As trading volumes fluctuate with the market, additional revenue from other areas helps businesses become less dependent on price cycles. For traders, this signals that the industry is gradually diversifying its business models.
Which areas do you think exchanges should prioritize expanding into to reduce their dependence on trading fees?
(Not investment advice)
#hoangducinvest #Crypto #Kraken
Source: CoinDesk
Payward, the parent company of the Kraken exchange, recently said that expanding into areas beyond cryptocurrency trading is helping to ease the decline in revenue.
According to CoinDesk, the companyâs profit and its new financial performance metric were still lower than in the same period last year. However, the report noted signs of improvement since the second quarter.
One notable point is that major exchanges are no longer relying solely on trading fees. As trading volumes fluctuate with the market, additional revenue from other areas helps businesses become less dependent on price cycles. For traders, this signals that the industry is gradually diversifying its business models.
Which areas do you think exchanges should prioritize expanding into to reduce their dependence on trading fees?
(Not investment advice)
#hoangducinvest #Crypto #Kraken
Source: CoinDesk