Payward’s adjusted EBITDA fell 66% year over year to $60 million, even as its share of global spot trading nearly doubled and fee-based services expanded.
This is the summary Cointelegraph publishes in its feed. The full article lives on their site.
Coinbase’s trust company received final clearance as lawmakers seek records on crypto firms’ compliance and potential conflicts of interest.
Bitcoin sales, valuation losses and rising borrowing costs weighed on the Japanese company’s earnings despite higher revenue and operating profit.
Bitcoin was down about 4% on the day amid a tepid market reaction to October’s US PPI reading, which came in below expected levels.
Arthur Hayes said he was “flattered” by Coinbase’s defense of US stock perpetual futures, a decade after BitMEX launched perpetual swaps.
A $5.8 million loss on Bitcoin options pushed operating revenue below zero, and higher Bitcoin prices lifted net income to $85.5 million.
A $5.8 million Bitcoin options loss pushed Nakamoto’s quarterly operating revenue below zero, while the company extended repayment of $60 million in Kraken debt to 2027.
