MarketPR

Payward Q2 revenue hits $508 million as volume falls 13% and funded accounts grow 42%

8/16/2026

The Q2 adjusted revenue figure from Payward, Kraken's parent company, came in at $508 million, up 17% from the year-earlier period.

Volume on the exchange fell 13% to $310 billion over the same stretch, yet the top line expanded.

Funded accounts reached 6.6 million, a 42% increase the company cited as evidence growth is broadening beyond crypto trading.

For an exchange that generates income from transaction fees, the spread between those two lines is the number worth interrogating. A 13% decline in $310 billion of notional volume would ordinarily compress fee revenue.