According to CoinMeta, based on the shareholder letter obtained by Bloomberg, the adjusted pre-tax profit of Kraken's parent company, Payward, in the second quarter was 23 million US dollars, a year-on-year decrease of 71%. In the same period last year, it was 79.7 million US dollars, mainly due to the slowdown in overall trading activities in the crypto industry. At the same time, the company's adjusted revenue increased by 17% to 508 million US dollars year-on-year, indicating that the growth in revenue did not translate into a corresponding increase in profits.