[Kraken's Q3 Revenue Reaches $648 Million, Profit Drops 67%] According to a Bloomberg report on November 13th, Payward, the parent company of cryptocurrency exchange Kraken, saw its Q3 profit decline by 67% year-over-year. The company's operating metrics, also disclosed, continued to expand: quarterly revenue reached $648 million, a 114% year-over-year increase (based on GAAP total revenue minus transaction costs), and adjusted earnings were $178.6 million, compared to a slightly negative figure in the same period last year—the two figures differ in perspective; the former represents net profit, while the latter represents adjusted earnings. In terms of trading, Q3 trading volume reached $561.9 billion, a 106% year-over-year increase; the number of platform funds accounts reached 5.2 million, a 46% increase; and platform assets reached $59.3 billion, an 89% increase. Bloomberg reports that Payward is preparing for a US IPO next year. Previous reports indicated that its IPO might be delayed until 2027 due to weaker trading volumes and a cooling crypto market, but the company has not yet announced a definite timetable.