PANews reported on February 3rd that Payward, the parent company of cryptocurrency exchange Kraken, released its 2025 results, reporting adjusted revenue of $2.2 billion, a 33% year-over-year increase. Adjusted EBITDA rose 26% to $531 million. The company stated that trading revenue accounted for 47% of total revenue, with the remainder coming from non-trading businesses such as custody, payments, and financing. Its total trading volume increased by 34% to $2 trillion, and platform assets under management grew by 12% to $48.5 billion. The number of customer accounts increased by 50% to 5.7 million, partly attributable to acquisitions. The average daily trading volume of its futures products increased by 119% during the period.


BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more
