Payward, Kraken's parent, reports $2.2B revenue amid acquisition spree
- —Payward's 2025 adjusted revenue reached $2.2 billion, up 33% year over year
- —Asset-based services accounted for 53% of revenue, not trading fees
- —It acquired NinjaTrader, Reap Technologies and Bitnomial for futures, stablecoin payments and crypto derivatives
- —Deutsche Börse invested $200 million and Nasdaq Ventures $100 million at a $21 billion valuation
Why it matters: Kraken is building infrastructure bridging crypto and traditional markets, intensifying competition among exchanges for institutional capital.
Source: DiarioBitcoin