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Payward, Kraken's parent, posts Q3 adjusted EBITDA of $60 million

Payward, the parent of crypto exchange Kraken, reported lower third-quarter platform margin as trading activity slowed. The company is pushing into other financial services, including US prediction markets.

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In its third-quarter 2026 results, Payward put total platform margin at $487 million. Margin fell 12% from the same quarter a year before, with softer trading volume dragging transaction fees lower.

The company's adjusted EBITDA, a profit measure that leaves out some costs, came in at $60 million for the quarter. That was down 66% on a year earlier but up 163% on the previous quarter. Payward also plans to launch US prediction markets, where users trade on the outcome of future events, and a personal finance AI agent.

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