Payward revenue rises 17% despite lower trading
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Payward, the parent company of Kraken, reported $508 million in adjusted second-quarter revenue, up 17% year on year.
Payward, the parent company of Kraken, reported $508 million in adjusted second-quarter revenue, up 17% year on year.
Payward has accused Etana Custody and its CEO Dion Russell of orchestrating a “Ponzi-like” scheme that allegedly misappropriated more than $25 million in customer funds.
Payward agreed to acquire Hong Kong-based Reap Technologies for up to $600 million as the Kraken parent company expands deeper into stablecoin payments and business infrastructure services.
Payward has agreed to acquire derivatives platform Bitnomial for up to $550 million in cash and stock to expand its US market footprint.
