Payward expands Kraken with $2B acquisition push, $508M quarterly revenue
- —Q2 adjusted revenue hit $508 million, up 17% year over year, with $23 million EBITDA
- —Nasdaq Ventures agreed to invest $100 million in Payward at a $21 billion valuation
- —Platform transaction volume fell 18% to $310 billion; assets reached $40 billion
- —LSE plans to list xStocks on its LSE 24 venue during 2027
Why it matters: The Nasdaq and LSE partnerships show crypto infrastructure increasingly plugging into traditional market rails as Payward reduces reliance on trading fees.
Source: crypto.news