Kraken Parent Payward Swaps Its Headline Metric, Reports $487 Million in Q3 Platform Margin
By Unchained
AI summary of the source article
Kraken parent Payward reported a third-quarter total platform margin of $487 million, replacing adjusted revenue as its primary headline metric. Transaction volume across its platforms reached $353 billion, with funded accounts climbing to 7.1 million.
Why it matters
Payward stated it made the metric change "so everything we pass on to clients is treated the same way."
Key facts
- Payward reported Q3 total platform margin of $487 million, up 12% from the prior quarter.
- Unlike adjusted revenue, total platform margin subtracts staking rewards paid to clients.
- Payward's platforms handled $353 billion in transactions during Q3, and funded accounts reached 7.1 million.
Source excerpt · Unchained
Payward's new lead figure, total platform margin, rose 12% from the second quarter and fell 12% from a year earlier. Unlike Adjusted Revenue, now shown only for comparison, it takes out the staking rewards Payward pays clients. The post Kraken Parent Payward Swaps Its Headline Metric, Reports $487 Million in Q3 Platform Margin appeared first on Unchained .