Kraken Parent Payward Q2 Revenue Up 17% to $508M Despite Lower Trading Volume
TLDR
- Payward reported $508M in Q2 adjusted revenue, up 17% year over year
- Total transaction volume fell 13% to $310 billion as crypto spot trading weakened
- Funded accounts jumped 42% to 6.6 million
- Asset-based and other revenue now makes up 60% of total revenue, up from 55%
- Payward is expanding through acquisitions and preparing for a potential IPO
Kraken’s parent company Payward brought in $508 million in adjusted revenue for the second quarter of 2026. That is a 17% increase from the same period last year, even as crypto spot trading volumes dropped across the industry.
LATEST: 📊 Kraken parent Payward posted $508M in Q2 adjusted revenue, up 17% YoY, while staying adjusted EBITDA positive at $23M despite falling crypto spot volumes. pic.twitter.com/FpBZZIW1rl
- CoinMarketCap (@CoinMarketCap) August 14, 2026
Total transaction volume on the platform fell 13% year over year to $310 billion. Payward said the decline was driven by weaker crypto spot activity, a trend it described as industry-wide.
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