Kraken Parent Payward Posts 17% Revenue Gain in Q2 2025
Payward grew revenue 17% even as trading volume slipped, with funded accounts surging 42% and non-trading income picking up the slack.
Kraken's parent company Payward put up a solid Q2, growing revenue 17% year-over-year despite a dip in crypto spot trading volume. That's a story worth paying attention to — it means the exchange isn't purely dependent on bull-market frenzy to keep the lights on.
The real headline inside the headline: funded accounts jumped 42%. That's not a vanity metric. More funded accounts means a deeper user base ready to trade when volatility returns. When the next catalyst hits, Payward has a bigger pool to monetize.
Read more United Airlines CEO Scott Kirby's Big Vision: Mergers, AI, JFK →
Also worth noting — a growing chunk of Payward's revenue is now coming from outside straight transaction fees. Diversified revenue streams are exactly what separates durable crypto businesses from the ones that implode the second volume dries up. Payward appears to be building that buffer deliberately.
For retail traders, the takeaway is simple: Kraken's underlying business is strengthening even in a slower tape. Exchanges with expanding user bases and non-trading revenue don't just survive downturns — they often emerge in a stronger competitive position than rivals who coasted on fees alone.
Continue reading at Cointelegraph.
