Kraken parent Payward saw clients continue adding assets for 12 consecutive months, even though the dollar value of those holdings declined. Its adjusted earnings reached $60 million in the third quarter, up from $23 million in the second quarter. However, this remained 67% below the level recorded a year earlier, according to a shareholder letter cited by Bloomberg. The gap with previous performance makes an imminent IPO less likely.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
