Payward, Kraken's parent company: 2025 Full-Year Revenue Up 33% Year-on-Year

BlockBeats News, February 3rd, according to CoinDesk, Kraken's parent company Payward stated that with trading volume increasing by 34% year-on-year to $2 trillion, adjusted revenue grew by 33% in 2025.

Payward stated that transaction-based revenue accounts for 47% of the $2.2 billion total revenue, with the rest coming from non-trading businesses such as custody, payments, and financing. Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased to 26%, reaching $531 million.

This 15-year-old company submitted a confidential draft of a U.S. IPO in November last year, stating that its corporate structure will separate consumer-facing products from infrastructure operations, likening this strategy to tech giants Alphabet (GOOG), Meta (META), and Amazon (AMZN).