Kraken parent company Payward posts 33% growth in full-year revenue
Analysis
Price Impact
HighKraken's parent company, payward, reported significant 33% revenue growth, a 34% increase in transaction volume to $2 trillion, and a 50% rise in customer accounts to 5.7 million for 2025. these strong financial results from a major crypto exchange signal robust health and increasing adoption within the broader crypto market.
Trustworthiness
HighThe information is reported by coindesk, a reputable crypto news source, directly citing payward's official financial results and blog post.
Price Direction
BullishThe impressive growth metrics from kraken, a key player in the crypto ecosystem, indicate sustained user engagement and institutional confidence. this positive sentiment could extend to major cryptocurrencies, signaling a healthy and expanding market.
Time Effect
LongStrong financial performance and strategic corporate restructuring by a major exchange like kraken often have a sustained positive impact on market sentiment, reflecting long-term growth trends and increasing mainstream adoption of digital assets. the confidential ipo filing also suggests long-term strategic planning.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Kraken parent company Payward posts 33% growth in full-year revenue The company adopted a multibrand corporate structure to separate its consumer products from infrastructure operations. By Francisco Rodrigues | Edited by Sheldon Reback Feb 3, 2026, 2:45 p.m. Make us preferred on Google (Midjourney/Modified by CoinDesk) What to know : Payward, parent company of crypto exchange Kraken, said adjusted 2025 revenue rose 33% to $2.2 billion. The company adopted a multibrand corporate structure to separate its consumer products from infrastructure operations. Payward ended the year with $48.5 billion in assets and $2 trillion in total transaction volume, while customer accounts grew by 50% to 5.7 million, driven in part by acquisitions. Payward, the parent company of crypto exchange Kraken, said 2025 adjusted revenue grew 33% as transaction volume increased by 34% to $2 trillion. Trading-based revenue accounted for 47% of the $2.2 billion total, the company said in a blog post , with rest coming from non-trading sources such as custody, payments and financing. Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) rose to 26% to $531 million. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . The 15-year-old company, which lodged a confidential draft U.S. IPO filing in November, said its corporate structure separates consumer products from infrastructure operations, likening the strategy to those of tech giants Alphabet (GOOG), Meta (META), and Amazon (AMZN). “By separating infrastructure from product expression, Payward ensures that innovation does not come at the expense of control, risk discipline, or regulatory integrity,” the firm wrote. The corporate structure marks a formal move for the company to encompass the multiple platforms Kraken, now the sixth-largest crypto exchange by trading volume, has acquired over the years. These include NinjaTrader, Breakout and Backed Finance. These acquisitions contributed to a 119% increase in daily average revenue trades (DARTs) for futures products, the company said. Payward said it ended the year with $48.5 billion in assets on the platform, up 12%. The number of funded customer accounts rose 50% to 5.7 million. The revenue figure is adjusted for trading costs and and gains or losses on trading activities, the company said. Kraken Payward Earnings