Kraken parent Payward's Q1 revenue rises 3% as crypto trading slows

CoinDesk Staff

(01:41 PM UTC)

1 min read

Approved byEmily Watson

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Kraken parent Payward's Q1 revenue climbs despite crypto market slump

Co-CEO Arjun Sethi said the firm kept investing through market weakness, leaning on acquisitions and futures growth to offset softer spot trading.

Kraken's parent Payward reported first-quarter adjusted revenue of $507 million, up 3% from a year earlier, as the crypto infrastructure and trading firm expanded beyond spot crypto…

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CoinDesk Staff · CoinDesk

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