{
  "id": 903034,
  "title": "Kraken parent Payward revenue rises 17% as trading volume falls in Q2",
  "url": "https://urgent.news/2026/08/14/kraken-parent-payward-revenue-rises-17-as-trading-volume-falls-in-q2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T18:44:21.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/kraken-parent-payward-revenue-rises-as-trading-volume-falls-q2"
  },
  "original_language": "en",
  "account": "Kraken's parent company, Payward, reported a 17% year-over-year increase in revenue for the second quarter, reaching $508 million in adjusted revenue. This growth occurred despite a decline in crypto spot trading and overall transaction volume, which fell 13% year-over-year to $310 billion. The company's total transaction volume decreased due to the weaker crypto spot activity. However, Payward's funded accounts increased by 42% to 6.6 million. The company's revenue mix shifted, with asset-based and other revenue constituting 60% of total revenue, up from 55% a year earlier. This growth in traditional futures, equities, and tokenized equities helped offset the weaker crypto spot activity. Payward's expansion beyond spot crypto trading into equities, tokenized stocks, pre-IPO exposure, and futures, along with its acquisition of financial infrastructure businesses, contributed to the company's positive adjusted EBITDA of $23 million.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Block",
        "title": "Kraken parent Payward posts $508 million in Q2 adjusted revenue as growth broadens beyond crypto trading",
        "url": "https://urgent.news/2026/08/14/kraken-parent-payward-posts-508-million-in-q2-adjusted-revenue-as",
        "published": "2026-08-14T12:21:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}