Payward, the company behind Kraken, reported $60 million in adjusted EBITDA for the third quarter of 2026. The figure improved from the previous quarter, but remained well below last year’s result. In its November 13 report, the company also showed that customers traded less than they did during the same period in 2025.
Payward Reports Growth in Customer Accounts
Payward also introduced total platform margin, replacing adjusted revenue in its financial highlights. The measure excludes staking rewards paid to customers. It reached $487 million, up from $436 million in Q2, but declined 12% year over year.
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Funded accounts increased 37% annually to 7.1 million, while billable accounts rose 74% to 1.5 million.
Kraken Parent Plans New Products
Payward plans to launch prediction markets for US customers and stock perpetual futures through its regulated exchange, clearinghouse and broker.
The company has also added more than 200 UK and European equities to xStocks, which supports over 1,500 tokenized assets across several networks. Further plans include xStocks investment funds and xPO, a proposed blockchain-based fundraising platform for private companies, subject to regulatory approval.
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