Kraken parent Payward revenue rises 17% as trading volume falls in Q2

cointelegraph2026-08-14 tarihinde yayınlandı2026-08-14 tarihinde güncellendi

Özet

Kraken's parent company Payward reported $508 million in adjusted revenue for Q2, a 17% year-over-year increase despite a 13% decline in total transaction volume to $310 billion. The growth was driven by diversification, with asset-based and other revenue now accounting for 60% of the total, up from 55%. Key factors included expansion into traditional futures, equities, and tokenized assets, which helped offset weaker crypto spot trading. The company also reported a 42% increase in funded accounts to 6.6 million and remained adjusted EBITDA positive at $23 million. Payward has broadened its offerings through acquisitions like NinjaTrader and Bitnomial, and by entering new areas such as pre-IPO exposure and wallet infrastructure.

Kraken parent Payward reported $508 million in adjusted revenue for the second quarter, up 17% year over year despite a decline in crypto spot trading and overall transaction volume.

According to Friday’s earnings report, total transaction volume fell 13% year over year to $310 billion, while funded accounts increased 42% to 6.6 million.

Payward remained adjusted EBITDA positive at $23 million. Asset-based and other revenue accounted for 60% of total revenue, up from 55% a year earlier, as the company generated a growing share of its revenue outside transaction-based activity.

Payward said growth in traditional futures, equities and tokenized equities helped offset weaker crypto spot activity. The company also said it gained spot market share for a third consecutive quarter.

The results come as Payward has expanded beyond spot crypto trading over the past year into equities, tokenized stocks, pre-IPO exposure and futures.

The company has also broadened its financial infrastructure business through acquisitions including futures trading platform NinjaTrader in May 2025 and regulated derivatives exchange Bitnomial the following year, as well as its more recently announced deal to acquire Magic Labs’ wallet infrastructure business.

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İlgili Sorular

QWhat was the year-over-year change in Payward's adjusted revenue for Q2?

APayward's adjusted revenue increased by 17% year-over-year to $508 million.

QDespite the revenue increase, what happened to Payward's total transaction volume in Q2?

ATotal transaction volume fell by 13% year-over-year to $310 billion.

QAccording to the report, what accounted for 60% of Payward's total revenue and how did this change from the previous year?

AAsset-based and other revenue accounted for 60% of total revenue, up from 55% a year earlier.

QWhat areas of Payward's business helped offset weaker crypto spot trading activity?

AGrowth in traditional futures, equities, and tokenized equities helped offset weaker crypto spot activity.

QName one company Payward acquired to broaden its financial infrastructure business, as mentioned in the article.

APayward acquired the futures trading platform NinjaTrader in May 2025 to broaden its financial infrastructure business.

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