Payward, the parent company of crypto exchange Kraken, said 2025 adjusted revenue grew 33% as transaction volume increased by 34% to $2 trillion. Trading-based revenue accounted for 47% of the $2.2 billion total, the company said in a blog post, with rest coming from non-trading sources such as custody, payments and financing. Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) rose to 26% to $531 million. The 15-year-old company, which lodged a confidential draft U.S. IPO f ...

Jakub and I are going to do a livestream and answer questions today at 10:30 am pacific.We have a lot of things to talk about--of course we will cover our new corporate structure, but we will also discuss our new goals for research, the evolution of our product offerings, an update on our infrastructure buildout, the initial funding areas for the nonprofit, and more.It is probably the most important stuff we have to say this year.TL;DR on the structure--the non-profit remains in control and, if we do our jo ...