Payward Revenue Grows 17% Despite Weaker Crypto Spot Trading
Kraken parent Payward reported $508 million in Q2 adjusted revenue, up 17% year over year, as growth outside crypto spot trading helped offset lower transaction volume.
YayaNews contributes financial news and market context through the YayaNews editorial workflow.
Kraken parent Payward reported $508 million in Q2 adjusted revenue, up 17% year over year, as growth outside crypto spot trading helped offset lower transaction volume.
Payward Revenue Grows 17% Despite Weaker Crypto Spot Trading
DOGE
$0.06977
0.63%
TRX
$0.3329
0.41%
LINK
$8.97
1.29%
ZEC
$493.33
1.51%
ADA
$0.1792
1.50%
XRP
$0.9989
1.02%
ETH
$1,879.91
0.41%
BTC
$62,903.87
0.84%
XMR
$396.17
0.03%
BNB
$606.61
0.67%
XLM
$0.1585
0.62%
SOL
$75.13
1.49%
HYPE
$55.54
3.28%
Written by
Nate Kostar
staff writer
Reviewed by
Sam Bourgi
staff writer
Written by
Nate Kostar
staff writer
Reviewed by
Sam Bourgi
staff writer
Kraken parent Payward revenue rises 17% as trading volume falls in Q2
Latest News
Published
Aug 14, 2026
Payward grew revenue despite weaker crypto spot activity, as funded accounts jumped 42% and a growing share of revenue came from outside transaction-based activity.
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.
Magazine:
El Salvador’s Bitcoin experiment turns 5: ‘It was for us, not them’
Subscribe to daily byte-sized crypto news from Cointelegraph
Subscribe
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s
Editorial Policy
and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Kraken
Cryptocurrency Exchange
Industry
More on the subject
Dartmouth endowment’s crypto exposure drops by $2M amid falling prices
2 hours ago
Turner Wright
Israel’s largest bank taps Galaxy to offer Bitcoin, Ether, Solana trading
5 hours ago
Nate Kostar
Crypto Biz: Bitcoin’s $116M self-custody wake-up call
5 hours ago
Sam Bourgi
Dartmouth endowment’s crypto exposure drops by $2M amid falling prices
2 hours ago
Turner Wright
Israel’s largest bank taps Galaxy to offer Bitcoin, Ether, Solana trading
5 hours ago
Nate Kostar
Crypto Biz: Bitcoin’s $116M self-custody wake-up call
5 hours ago
Sam Bourgi
Original YayaNews editorial coverage, published for informational purposes.
This article is sourced from CoinTelegraph. It is for informational purposes only and does not constitute investment advice.
Topics & Symbols
Continue Reading
Related Reading
Upbit Lists PROM with KRW and USDT Trading Pairs, Opening New Opportunities for Mid-Cap Tokens
Upbit announced the addition of PROM KRW and USDT trading pairs, with a market cap of approximately $43.5 million. This article analyzes the significance, project background, and market impact for investors.
SEC Prepares Major Crypto Plan as Clarity Act Stalls: What It Means for Markets
As the Clarity Act remains gridlocked, the SEC is reportedly preparing a significant crypto regulatory plan. This article analyzes potential new rules covering DeFi, stablecoins, and exchanges, market reactions, and the global competitive pressures shaping U.S. oversight.
Binance Launches DOSUSDT Perpetual Contract: Market Impact and Investment Strategy Analysis
Binance announced the listing of the USDⓈ-M DOSUSDT perpetual contract on August 11, 2026. This article analyzes the announcement background, market reactions, and investment risks to help investors seize opportunities.
Ireland Plans Industry Standards for Illicit Crypto Use
The strategy prepared by the Irish government’s finance department included industry standards on crypto used for gambling and strengthening AML/CFT measures in certain cases.
