Kraken parent Payward posts $508M Q2 adjusted revenue as accounts surge 42%

Payward, the parent company of crypto exchange Kraken, reported $508 million in Q2 adjusted revenue, up 17% year-on-year. Funded accounts grew 42% to 6.6 million, though trading volume fell 13% to $310 billion. The results suggest growth is broadening beyond core crypto trading activity.