Payward Revenues Jump 33% as Traders Flock to Kraken

Crypto trade Kraken’s father or mother firm, Payward, reported 33% income progress in 2025 as transaction volumes rose and the enterprise capitalized on its acquisitions.

The corporate’s revenues rose to $2.2 billion final 12 months, up from $1.6 billion in 2024 due to “broad-based efficiency throughout buying and selling and asset-based companies,” with whole transaction volumes rising 34% over the 12 months to $2 trillion, Kraken co-CEO Arjun Sethi mentioned in a report on Tuesday.

He added that revenues had been “effectively balanced,” with round 47% coming from trading-based income and 53% from asset-based and different revenues.

The report comes as traders intently be careful for Kraken’s public launch, after the corporate confidentially filed for an preliminary public providing in November.

Acquisitions helped diversify revenue

Sethi mentioned Payward’s acquisitions in 2025 helped increase its revenues, and it has taken inspiration from tech giants such as Meta and Amazon to separate its merchandise to improve their utilization, permitting “every product to be designed for a selected buyer phase.” 

Final 12 months, Payward acquired the futures trading platform NinjaTrader, the prop trading firm Breakout, the derivatives buying and selling platform Small Exchange and the buying and selling automation software Capitalise.ai.

Payward additionally acquired Backed final month, an organization working within the tokenized stocks area that backs the favored xStocks platform.

Sethi mentioned these acquisitions, particularly NinjaTrader and Breakout, led to a 119% increase in day by day common income trades.

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The report added that belongings on the platform noticed an 11% improve to $48.2 billion, whereas funded accounts grew 50% to 5.7 million, he added.