Kraken parent Payward reported $508 million in Q2 adjusted revenue, up 17% year over year, as growth outside crypto spot trading helped offset lower transaction volume.

Payward, Kraken's parent company, posted $508M in Q2 revenue with a 17% YoY increase and 42% funded account growth despite falling transaction

Kraken parent Payward posted $508M in Q2 adjusted revenue, up 17%, as funded accounts grew 42% to 6.6M and volume fell 13% to $310B.