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Payward's Q1 Revenue Surge Amid Crypto Slowdown
Published 1 week ago
Description
Payward, parent company of Kraken, reported a 3% revenue increase in Q1, totaling $507 million, despite a slow crypto market. They achieved this by diversifying into futures trading and acquiring companies like Backed and Magna. Despite a 22% drop in Bitcoin, funded accounts rose by 47% and total assets grew by 11% to $40 billion.
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