Kraken’s Parent Swims Upstream in Crypto Slump: A Tale of Pluck and Panache

Well, I’ll be jiggered! Kraken’s parent, Payward, has managed to keep its head above water in the first quarter, reporting a tidy $507 million in adjusted revenue, up 3% from last year. Not bad for a crypto firm in a market that’s been as wobbly as a three-legged chair. The old boys in Wyoming have been diversifying like a chap with a sudden penchant for exotic cheeses, expanding beyond spot crypto trading into futures and other whatnots.


