IPO-Candidate Kraken Says Revenue Jumped 19% in First Quarter
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Kraken, one of the oldest crypto exchanges, saw revenue and adjusted earnings both rise in the first quarter while volatility in the digital-asset market increased.
Adjusted earnings before interest, taxes, depreciation, and amortization climbed 17% to $187.4 million from $160 million in the year-earlier period, the company known officially as Payward Inc. said in a statement Thursday. Gross revenue jumped 19% to $471.7 million.