Kraken’s parent company, Payward, posted a quarter that says a lot about where crypto exchange revenue is headed: less dependence on spot trading, more weight on derivatives, institutional flow, and a broader financial stack. Even with Bitcoin down 22% and industry spot volume falling 38%, the company still managed to grow. $507 million in adjusted […]
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Kraken’s parent company, Payward, posted a surprisingly solid Q1 2026, growing adjusted revenue 3% year-on-year to $507 million even as the crypto market got dragged through a hedge fund’s worst nightmare. Q1 2026 adjusted revenue: $507 million, up 3% year-on-year Derivatives trading: daily average revenue trades jumped 51% Spot market share: rose to 5.2% from […]
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Payward’s $550M Bitnomial Acquisition: A Game-Changer for US Crypto Derivatives Payward, the parent company behind the heavyweight crypto exchange Kraken, has dropped a bombshell with its $550 million acquisition of Bitnomial, a Chicago-based crypto derivatives platform. Valuing Payward at a staggering $20 billion, this deal isn’t just a flashy headline—it’s a calculated strike to dominate […]
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