Payward's third-quarter platform revenue fell 12% year over year to $487 million, while customer accounts grew and the Kraken parent outlined an approval-dependent U.S. futures plan.
Platform revenue was $487 million. Trading volume came in at $353 billion, a 30% drop from a year earlier; funded accounts rose 37% to 7.1 million. The figures show account growth alongside lower trading and revenue.
From Q2, platform revenue advanced 12% and adjusted EBITDA jumped 163% to $60 million. Adjusted EBITDA remained 67% below the year-earlier quarter. Both measures improved sequentially while remaining below year-earlier levels.
Payward has broadened its xStocks offering with more than 200 equity tokens tied to UK and EU shares. Users can access the service on Kraken and other xStocks Alliance platforms; Payward says it spans more than 110 markets. Supported networks include Solana, Ethereum, TON, Ink and X Layer. EconoTimes previously reported on the additions.
Payward says regulated custodians hold the shares backing xStocks, giving token holders exposure to share performance without making them shareholders. Kraken's risk disclosure says holders lack shareholder rights, including votes, distributions and legal claims on the underlying shares; fees apply, and losses can equal the full investment. The terms exclude U.S. persons.
Separately, Payward intends to offer onchain perpetual futures to U.S. customers, subject to regulatory approval.
