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Kraken’s Q2 Earnings Dip 6.8% to $79.7M – A Temporary Setback or Market Warning?
Kraken’s Q2 Earnings Dip 6.8% to $79.7M – A Temporary Setback or Market Warning?
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Crypto heavyweight Kraken just posted a $79.7M Q2 haul—down 6.8% from last year. Not exactly the moon shot traders expected.
Revenue rollercoaster: While traditional finance bros clutch their pearls, crypto natives know exchange earnings swing harder than Bitcoin volatility. Kraken’s dip? Just another Tuesday.
Silver lining hunting: That $79.7M still buys a lot of rocket fuel for innovation. Maybe they’ll finally fix those API rate limits.
The cynical take: If this is a ‘bad’ quarter during a bear market, just wait until the next bull run sends trading volumes—and Kraken’s cut—into orbit. Wall Street’s spreadsheet jockeys won’t know what hit them.
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