[Kraken's Parent Company Reports Q3 Revenue of $487 Million, Down 12% Year-over-Year; Adjusted EBITDA Down 67% Year-over-Year] According to Odaily Planet Daily, Payward, the parent company of crypto trading platform Kraken, released its Q3 2026 financial results. Adjusted EBITDA was $60 million, a 67% year-over-year decrease but a 163% quarter-over-quarter increase. Total platform revenue was $487 million, a 12% year-over-year decrease but a 12% quarter-over-quarter increase. During the same period, Payward's total trading volume decreased by 30% year-over-year to $353 billion, but the number of liquidated accounts increased by 37% year-over-year to 7.1 million. To expand its revenue streams, Payward is expanding its stock tokenization business and plans to offer on-chain perpetual contracts to US clients after obtaining regulatory approval. In addition, the company plans to enter the prediction market and issue its own token, but has not yet announced a specific timeline. Payward reportedly laid off approximately 150 employees earlier this year, and its IPO may be delayed until 2027. (Bloomberg)