Payward grew revenue despite weaker crypto spot activity, as funded accounts jumped 42% and a growing share of revenue came from outside transaction-based activity.
Cointelegraph•Cointelegraph by Nate Kostar14 Aug
Kraken parent Payward reported a 71% decline in adjusted pretax earnings to $23 million as crypto trading volumes slowed during the second quarter.
CryptoBriefing•Estefano Gomez14 Aug
Payward's revenue rose 17% while Coinbase's fell 18%. So why did the Kraken parent's profit still collapse 71%?
BeInCrypto•Lockridge Okoth14 Aug
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.
The Block•Naga Avan-Nomayo14 Aug
Payward's strategic diversification and user growth amid declining trading volumes highlight its resilience and potential IPO readiness.
CryptoBriefing•Editorial Team14 Aug
While previously xStocks holders had no voting rights, this deal will allow eligible investors to submit proxy voting preferences.
The Block•RT Watson5 Aug
This partnership enhances tokenized stock appeal, potentially attracting institutional investors by aligning with fiduciary governance standards.
CryptoBriefing•Editorial Team5 Aug
Payward agreed to acquire Magic Labs’ embedded wallet unit, adding infrastructure behind 60 million wallets to its B2B platform.
Payward has agreed to acquire Magic Labs’ wallet-as-a-service business, adding embedded, non-custodial wallets to the infrastructure platform behind Kraken. The deal brings technology used to create more than 60 million wallets into Payward’s expanding enterprise product suite. Newton Labs Sells Magic Wallet Business to Focus Fully on Onchain Authorization Payward, the parent company of crypto […]
Bitcoin.com News•Emmanuel Musa27 Jul
The deal brings wallet technology to Payward’s enterprise platform, potentially reducing the number of infrastructure providers businesses need to integrate with.
Cointelegraph•Cointelegraph by Sam Bourgi27 Jul
The embedded-wallet pioneer is rebranding as Newton Labs to focus on an onchain authorization layer that vets transactions against policy before they settle.
The Defiant•The Defiant Team27 Jul
Payward's aggressive acquisitions could reshape crypto infrastructure, enhancing vertical integration and potentially driving market consolidation.
CryptoBriefing•Editorial Team27 Jul
Magic Labs is selling its wallet business to Payward and rebranding as Newton Labs to focus on onchain finance infrastructure.
The Block•Brian Danga27 Jul
Payward and GTN will expand xStocks beyond U.S. equities, starting in Hong Kong before targeting Europe, the UK and South Korea markets too.
Payward and fintech GTN are teaming up to bring xStocks—blockchain-based copies of real company shares—to Hong Kong, the UK, Europe, and South Korea.
xStocks is tokenizing equities from Hong Kong before expanding to the UK, Europe, South Korea, and other international markets.
The Block•Daniel Kuhn22 Jul
Payward expands xStocks tokenized equities to Hong Kong, UK, Europe, and South Korea, aiming to bring US stock access to over 110 countries via
CryptoBriefing•Editorial Team22 Jul
WOO X, a leading global centralized digital asset exchange, and Payward Services, the B2B infrastructure platform from Payward, the company behind global crypto platform Kraken, have signed a Memorandum of Understanding (MOU) to bring crypto trading to WOO X’s European users through Payward Services’ trading-as-a-service offering. Under the agreement, the
TheNewsCrypto•Isabella15 Jul
Payward, Kraken’s parent company, has asked the Delaware Court of Chancery to enter final judgment against Mazars USA after winning a $22 million arbitration award. Co-CEO Arjun Sethi framed the case as part of a broader fight over debanking, regulatory pressure and the need for clear U.S. crypto market rules. Kraken Asks Delaware Court to […]
Bitcoin.com News•Emmanuel Musa9 Jul
Payward sued its former auditor, Mazars, for abandoning a nearly complete audit during Operation Choke Point 2.0.
The Block•Daniel Kuhn7 Jul