On Nov 13, 2026, reports showed that Kraken parent firm Payward saw its adjusted EBITDA drop 66% compared to the prior year, reaching $60 million. Reduced trading activity depressed corporate earnings throughout the period. However, the business expanded its revenues from fee-based offerings.
Despite lower overall earnings, Payward increased its portion of global cryptocurrency spot trading to 6.5% in September. This figure represents an increase from the 3.3% market share the firm held in September of the prior year.
The earnings data coincided with price declines across major tokens, with Bitcoin at $68,339.33 and Ether at $1,934.67. Other assets in the market included Solana at $78.45, BNB at $631.61, and XRP at $1.01.
For traders carrying active perpetual contracts on venues like Bitget, Bybit, MEXC, or OKX, these earnings metrics change nothing directly. Payward's corporate income and spot market shifts do not adjust perpetual funding rates, collateral terms, or exchange liquidity on competing platforms.
Source: cointelegraph — Kraken parent Payward gains market share as slower trading weighs on earnings