đŠ Payward (Krakenâs parent company) nearly doubled its share of global spot trading to 6.5% in September, despite a sharp drop in profits.
đ Its market share rose from 3.3% as it captured a larger share than competitorsânot because trading volume increased. It processed just $353 billion in Q3, down 30% year over year.
đ Adjusted EBITDA plunged to $60 million (from $178.6 million), while platform revenue fell 12% to $487 million.
Cash flows are cautious, and falling volumes suggest investors arenât keen to start trading again, even as Kraken expands into derivatives and stablecoin payments.
đŹ Market share is up while volume is downâdo you see this as a positive sign or a warning for the exchange?
#CryptoExchange #CryptoNews
đ Source: Cointelegraph
â ïž This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
đ Its market share rose from 3.3% as it captured a larger share than competitorsânot because trading volume increased. It processed just $353 billion in Q3, down 30% year over year.
đ Adjusted EBITDA plunged to $60 million (from $178.6 million), while platform revenue fell 12% to $487 million.
Cash flows are cautious, and falling volumes suggest investors arenât keen to start trading again, even as Kraken expands into derivatives and stablecoin payments.
đŹ Market share is up while volume is downâdo you see this as a positive sign or a warning for the exchange?
#CryptoExchange #CryptoNews
đ Source: Cointelegraph
â ïž This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
