Kraken's parent company Payward Q1 revenue increased by 3% year-on-year, with derivatives business surging by 51%

According to CoinDesk, Kraken's parent company Payward announced its Q1 2026 performance, showing adjusted revenue of $507 million, a year-on-year increase of 3%, achieving growth despite the overall downturn in the cryptocurrency market.

The report indicated that Payward's futures business performed strongly during the period, with daily average revenue trades (DARTs) increasing by 51% year-on-year, primarily benefiting from the expansion of NinjaTrader, Breakout, and derivatives business.

However, the company's adjusted EBITDA fell to $18 million. Payward stated that it continues to invest in mergers and acquisitions, product development, and regulatory infrastructure construction, rather than prioritizing short-term profits.

Data shows that during Q1 2026, Bitcoin fell by 22%, the total cryptocurrency market capitalization shrank by 23%, and the industry's spot trading volume decreased by 38%. In contrast, Kraken's performance during the bear market remained relatively stable.

Payward co-CEO Arjun Sethi stated, "While other companies choose to contract, we choose to continue investing."

Additionally, the company disclosed that Kraken's spot market share has increased from about 3.5% in mid-2025 to 5.2% in March 2026; the number of funded accounts on the platform grew by 47% year-on-year to 6.1 million, and the platform's asset scale rose to $40 billion.