Kraken Parent Payward Revenue Hits $508M as Q2 Trading Volume Falls 18%

TLDR: Payward’s Q2 adjusted revenue rose 17% year over year to $508M even as platform volume fell 18% to $310B. Adjusted EBITDA dropped to $23M from about $80M a year earlier, cutting Payward’s margin to roughly 4.5%. Kraken funded accounts climbed 42% year over year to 6.6M, while assets held on the platform stayed near [...]

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