Payward Q2 Revenue Hits $508M With Positive $23M EBITDA

TL;DR:

• Payward, Kraken’s parent company, reported adjusted revenue of $508 million in Q2 2026, a 17% year-over-year increase.
• Adjusted EBITDA was positive at $23M despite a 13% drop in transaction volumes, which fell to $310B.
• Revenue from assets and other segments climbed to 60% of total, with 6.6 million funded accounts, up 42% year-over-year.

Payward, the parent company of exchange Kraken, published its second quarter 2026 results: adjusted revenue of $508 million, an increase of 17% year-over-year, and a positive adjusted EBITDA of $23 million for the period ending June 30. Notable figures despite the generalized contraction in spot volumes across the crypto industry, evidencing that the company is actively diversifying its revenue streams.

Total transaction volume on the platform fell 13% year-over-year to $310 billion, with a notable migration toward equities and tokenized equities. Despite this, the firm stated it had gained spot market share for the third consecutive quarter.

… Continue reading the full article at the original source below.