According to Wu, Kraken's parent company, Payward, disclosed its fiscal year 2025 results: adjusted revenue of $2.2 billion (up 33% year-over-year), adjusted EBITDA of $531 million (up 26%), platform trading volume of $2 trillion (up 34%), platform assets of $48.2 billion (up 11%), 5.7 million liquidated accounts (up 50%), and futures DARTs up 119% year-over-year. Payward clearly positions itself as the unified infrastructure layer supporting Kraken and products such as NinjaTrader, Breakout, and xStocksFi.