Payward Second-Quarter Adjusted Revenue Rises 17% to $508 Million
Payward has released its financial highlights for the second quarter of 2026. Payward is the parent company of the cryptocurrency exchange Kraken, and the results were presented by Co-CEO Arjun Sethi in a quarterly letter to shareholders.
In the second quarter, Payward's adjusted revenue was $508 million, up 17 percent year over year, and adjusted EBITDA was positive. Asset-based and other revenue rose to 60 percent of total revenue, from 55 percent in the second quarter of 2025. Futures DARTs grew 8 percent year over year, and spot market share increased for the third consecutive quarter.
The company said funded accounts reached a record high, that it serves more than 190 countries and territories, and that it holds more than 100 licenses and registrations globally. During the quarter it completed the acquisitions of derivatives platform Bitnomial and trading platform Breakout; the acquisition of payments and card issuing company Reap closed on July 1.
Source: Payward
Published by GSM · USA (original Chinese edition)
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