Kraken parent Payward revenues jump 33% as crypto traders pile in

Kraken co-CEO Arjun Sethi said Payward’s revenues were “well balanced” in 2025, split almost evenly between trading and asset-based revenues.

Crypto exchange Kraken’s parent company, Payward, reported 33% revenue growth in 2025 as transaction volumes rose and the business capitalized on its acquisitions.

The company’s revenues rose to $2.2 billion last year, up from $1.6 billion in 2024 due to “broad-based performance across trading and asset-based businesses,” with total transaction volumes rising 34% over the year to $2 billion, Kraken co-CEO Arjun Sethi said in a report on Tuesday.

He added that revenues were “well balanced,” with around 47% coming from trading-based revenue and 53% from asset-based and other revenues.

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