Payward reported adjusted first-quarter 2026 revenue of $507 million, up 3% from a year earlier, while Kraken reached a 5.2% share of the spot market. The company said derivatives activity remained a key growth driver, with futures DARTs rising 51% year over year, even as Bitcoin, total crypto market capitalization, and spot trading volumes posted steep double-digit declines during the quarter. Payward also said platform assets totaled $40 billion as of March 31 and disclosed deals involving Backed, Magna, Bitnomial, and Reap.