BULLISH 📈 : Payward reports 33% revenue growth, hits $2.2 billion in 2025

Payward, the parent company of Kraken, reported $2.2 billion in adjusted revenue for 2025, a 33% increase from the previous year, driven by expansion into traditional assets and proprietary trading.

Transaction volume reached $2.0 trillion, a 34% annual growth.
Adjusted EBITDA rose to $531 million, up 26%.
Growth fueled by acquisitions such as NinjaTrader and Breakout.

Asset Services Become Main Revenue Source

Asset-based operations (custody, yield products, etc.) contributed 53% of total revenue.
Assets under management increased to $48.2 billion, an 11% rise.
Funded accounts soared 50% to 5.7 million.
Futures trading saw daily average revenue trade growth of 119%.

Resilience Amid Market Fluctuations

The platform remained stable during a significant market downturn in October.
Q4 generated $625 million in adjusted revenue and $84 million in EBITDA.

Payward secured MiCA and EMI licenses in the EU and UK, preparing for regulatory compliance. Plans include an IPO and a Nasdaq SPAC with a $250 million offering to enhance public market presence.