Payward Revenue Grew 17% in Q2 as Trading Volume Fell 13%

Payward, Inc., the parent company of Kraken, reported second-quarter adjusted revenue of $508 million, up 17% year over year, even as total platform transaction volume fell 13% to $310 billion. Crypto spot trading volume fell 27.9% industry-wide in the second quarter, Finance Magnates reported , as eToro, Robinhood and Coinbase all posted declining crypto revenue. Against that backdrop, Payward…