Kraken's parent company Payward saw a 3% year-on-year increase in revenue and a 51% surge in derivatives business in the first quarter BlockBeats News: On May 18th, Payward, the parent company of Kraken, announced its Q1 2026 performance, showing adjusted revenue of $507 million, a year-on-year increase of 3%, and still achieving growth despite the overall downturn in the cryptocurrency market. The report shows that Payward's futures business performed strongly during the period, with a year-on-year increase of 51% in daily revenue trades (DARTs), mainly benefiting from the expansion of NinjaTrader, Breakout, and derivatives businesses. However, the company's adjusted EBITDA decreased to $18 million. Payward stated that it is still investing in mergers and acquisitions, product development, and regulatory infrastructure construction, rather than prioritizing short-term profits. Data shows that during Q1 2026, Bitcoin fell by 22%, the total market value of cryptocurrencies shrank by 23%, and the industry's spot trading volume decreased by 38%. In contrast, Kraken's performance in bear markets has been relatively robust. Payward Co CEO Arjun Sethi stated, "When other companies choose to shrink, we choose to continue investing." In addition, the company disclosed that Kraken's spot market share has increased from approximately 3.5% in mid-2025 to 5.2% in March 2026; The platform's capital injection accounts increased by 47% year-on-year to 6.1 million, and the platform's asset size rose to 40 billion US dollars. [Original link]