BNB$742.9-0.80%BRENT$100.96+3.11%BTC$78,995-0.60%COPPER$6.74+0.01%DJI$52,382-0.77%DOGE$0.0899-1.10%DXY98.62-0.17%ETH$2,499-0.43%GOLD$4,417+1.41%NDX$29,480-0.09%SILVER$67.75+3.03%SOL$103.48-0.84%SPX$7,644-0.38%US10Y4.80-0.12%VIX16.09+2.35%BNB$742.9-0.80%BRENT$100.96+3.11%BTC$78,995-0.60%COPPER$6.74+0.01%DJI$52,382-0.77%DOGE$0.0899-1.10%DXY98.62-0.17%ETH$2,499-0.43%GOLD$4,417+1.41%NDX$29,480-0.09%SILVER$67.75+3.03%SOL$103.48-0.84%SPX$7,644-0.38%US10Y4.80-0.12%VIX16.09+2.35%
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Payward Reports 71% Drop in Earnings Amid Trading Slowdown

Key takeaways

  • Payward, the parent company of Kraken, saw a 71% decline in adjusted pretax earnings to $23 million due to decreased crypto trading volumes in Q2.

Analysis

Payward, the parent company of Kraken, saw a 71% decline in adjusted pretax earnings to $23 million due to decreased crypto trading volumes in Q2.

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