THE BLOCK · 2026-11-13 15:31 UTC

Kraken parent Payward posts 66% drop in Q3 adjusted EBITDA, plans US prediction markets and personal finance AI agent

Payward, the parent of crypto exchange Kraken, reported $60 million in third-quarter adjusted EBITDA, up from $23 million in the second quarter but down 66% year over year. Total platform margin, which Payward now uses in place of adjusted revenue, fell 12% year over year to $487 million but rose 12% from the second quarter. Transaction volume rose 22% from the second quarter to $353 billion, down 30% from a year earlier.

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