Payward, the parent company of Kraken, announced a 3% year-over-year increase in adjusted revenue for Q1 2026, reaching $507 million. This growth was driven by a 51% rise in average daily futures trading volume, despite a weaker spot trading market. However, adjusted EBITDA fell to $18 million due to ongoing investments in acquisitions, product development, and compliance infrastructure. The company reported a total platform trading volume of $357 billion for the quarter, with funded accounts rising to 6.1 million and platform assets expanding to $40 billion. Kraken's spot market share increased to 5.2% in March, reflecting its strengthened position in the market.