Payward’s Kraken posts $2.2b year as non-trading revenue tops 50%

Payward’s Kraken unit posted $2.2b in 2025 adjusted revenue and $2t in trading volume, while LiquidChain launched a cross-chain Layer 3 touting 1,965% staking rewards.

Summary

• Payward reported $2.2b in 2025 adjusted revenue, up 33% YoY, with $2t in trading volume and 5.7m funded accounts across its Kraken platform.
• Non-trading businesses including custody, payments, and financing contributed 53% of revenue, underscoring Kraken’s shift toward asset-based services.
• LiquidChain launched a Layer 3 cross-chain platform linking Bitcoin, Ethereum, and Solana, marketing 1,965% staking rewards and “Parallel Execution Engine” settlement.

Payward Inc., the parent company of cryptocurrency exchange Kraken, reported $2.2 billion in adjusted revenue for 2025, representing a 33% increase from the previous year, according to financial results released February 3, 2026.

The company’s trading volume reached $2 trillion, a 34% increase year-over-year. Non-trading services including custody, payments, and financing accounted for 53% of total revenue, according to the financial report. The platform reported 5.7 million funded accounts as of the reporting period.

LiquidChain, a blockchain project, announced the launch of its cross-chain platform designed to facilitate transactions across Bitcoin, Ethereum, and Solana networks. The project describes itself as a Layer 3 infrastructure that connects multiple blockchain networks.

The platform utilizes what the company terms a “Parallel Execution Engine,” which the project states enables simultaneous settlement of trades across multiple blockchain networks. The technology aims to reduce transaction time typically associated with cross-chain asset transfers, according to project documentation.

LiquidChain’s staking protocol currently offers rewards calculated at 1,965%, according to the project’s published materials. The rate is designed to attract liquidity providers to the platform, the company stated.

The project’s token allocation designates 35% for an Infrastructure Fund intended to maintain cross-chain validators, while 32.5% is allocated to Global Outreach and Labs for development purposes, according to the tokenomics structure outlined by the project.

LiquidChain has announced plans for a token generation event, though specific dates were not provided. The project positions its platform as an alternative to traditional blockchain bridges for cross-chain asset movement.

The cryptocurrency industry has seen increased institutional participation alongside retail trading activity across major digital assets including Bitcoin, Ethereum, and Solana, according to market data.