Kraken’s parent company Payward reports adjusted revenue of $507 million for Q1 2026

Kraken’s parent company, Payward, disclosed that its adjusted revenue for the first quarter of 2026 increased by 3% year-on-year to $507 million. During the period, daily average revenue-generating futures trades rose by 51%, helping the company sustain growth amid a weakening cryptocurrency spot trading market. Adjusted EBITDA for the same period declined to $18 million, primarily due to continued investments in acquisitions, product development, and compliance infrastructure. Payward stated that total platform trading volume for the first quarter reached $357 billion; funded accounts increased year-on-year to 6.1 million; and platform assets under management grew to $40 billion. Kraken’s spot market share rose to 5.2% in March.