World · Institutional · United States ·
Kraken parent Payward grows revenue 17% despite falling trading volume in Q2
Payward, Kraken's parent company, increased revenue by 17% in Q2 as funded accounts surged 42% and non-transaction revenue grew, even though spot trading volume fell. The shift shows Payward diversifying away from pure trading commissions.
Why it matters for the crypto market
A major crypto exchange's shift toward non-trading revenue sources and account growth despite lower trading volume reflects market maturation and changing user engagement patterns.
Source: cointelegraph.com
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