Kraken parent Payward posts $508 million in Q2 adjusted revenue as growth broadens beyond crypto trading
60-second summary
Kraken parent Payward is posting $508 million in Q2 adjusted revenue, a 17% increase, driven by 42% growth in funded accounts to 6.6 million and a 13% decline in volume to $310 billion, indicating a shift in focus beyond traditional crypto trading. This growth broadens Payward's revenue streams and solidifies its position in the industry.
Kraken parent Payward posted $508M in Q2 adjusted revenue, up 17%, as funded accounts grew 42% to 6.6M and volume fell 13% to $310B.