Kraken parent Payward posted $508M in Q2 adjusted revenue, up 17% YoY, while staying adjusted EBITDA positive at $23M. The growth came even as industry crypto spot volumes declined: • Funded accounts +42% to 6.6M • Assets on platform: $40B • Asset-based & other revenue: 60% of total • Spot market share gained for a third straight quarter Meanwhile, the mix continues to broaden beyond crypto, with equities and tokenized equities taking a larger share of activity. https://www.theblock.co/news/business/2026-08-14-kraken-parent-payward-508-million-q2-adjusted-revenue-411818(Frank Chaparro)