Latest news. On August 14, according to Bloomberg, Kraken’s parent company, Payward, reported that its Q2 adjusted pre-tax profit was $23 million, down 71% year over year from $79.7 million in the same period last year. In the same period, adjusted revenue increased 17% year over year to $508 million, and the platform’s total trading volume was $310 billion, down 18% year over year. Payward said that the number of funding accounts grew 42% year over year to 6.6 million in Q2, a record high. Co-CEO Arjun Sethi said that with a decline in industry spot trading volumes, the company’s traditional futures, stocks, and tokenized stock businesses all saw growth, and its share in the spot market has increased for the third consecutive quarter.

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