According to the Q1 2026 financial results released by Payward, Kraken’s parent company, adjusted revenue reached $507 million, a 3% year-over-year increase; adjusted EBITDA was $180 million; total platform trading volume amounted to $357 billion. As of March 31, platform assets under management reached $40 billion, up 11% year-over-year; the number of funded accounts increased 47% year-over-year to 6.1 million. Despite a 22% decline in Bitcoin price and a 23% drop in total cryptocurrency market capitalization, Kraken’s spot market share rose from approximately 3.5% in mid-2025 to 5.2% in March. Daily average futures trading volume increased 51% year-over-year, driven by NinjaTrader and Breakout businesses. In Q1, Kraken completed the acquisitions of Backed and Magna; in May, it closed the $550 million acquisition of Bitnomial and announced plans to acquire Reap for up to $600 million, expected to be completed in the second half of 2026.
Kraken parent Payward reports Q1 2026 earnings, revenue up 3%
AiCoinShare
Summary
Kraken’s parent company, Payward, reported Q1 2026 earnings with adjusted revenue of $50.7 million, a 3% year-over-year increase. Adjusted EBITDA reached $18 million, while total trading volume hit $3.57 trillion. As of March 31, 2026, assets under management increased 11% to $40 billion. Funded accounts rose 47% to 6.1 million. Despite a 22% decline in Bitcoin’s price and a 23% drop in market capitalization, Kraken’s spot market share grew to 5.2%. Futures volume increased 51%, driven by NinjaTrader and Breakout. In May, Payward acquired Bitnomial for $550 million and plans to acquire Reap for up to $600 million, with closing expected in late 2026. Fear and Greed Index data indicates stable user sentiment amid market volatility.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.