Payward, the parent company of the Kraken exchange, reported third-quarter 2026 adjusted EBITDA of $60M, roughly 66% below the same period last year. Funded accounts rose 37%, and results improved from Q2.
What the Q3 numbers show
- Adjusted EBITDA: $60M, down about two-thirds year over year
- Funded accounts: +37% versus Q3 2025
- Sequential trend: results improved from Q2 2026
The 37% rise in funded accounts means new users kept depositing money on the platform during a quarter in which profitability sat at one-third of its level a year earlier.
New products shipped since September
Kraken has posted a run of launches on its official blog over the past two months, from credit and recurring deposits to options and commodities.
Product | Announced | Details |
|---|---|---|
Kraken Borrow (US) | September 24, 2026 | No repayment deadline, no minimum payment |
Unified Wallet (EEA) | October 16, 2026 | Spot, margin and earn balances usable as futures collateral |
BTC and ETH options (EEA) | October 26, 2026 | Same account and collateral as futures, portfolio margin on by default |
Commodities on Kraken Prop | October 29, 2026 | Silver, WTI and Brent oil, copper, natural gas at 2 bps per side |
USDG on Arbitrum One | October 29, 2026 | Native issuance, no bridge required |
Recurring deposits | November 10, 2026 | Account funds itself on the amount and day you choose |
On October 7, Kraken added AKT/USD to margin trading, taking Kraken Pro to over 276 margin-enabled markets. Since October 20, Kraken Desktop supports multi-account trading for Kraken Prop: one order on the leader account executes on every chosen follower account at the same moment.
Volume campaigns on futures and perps
Kraken is running a futures challenge on gold, real-world assets and crypto with a reward pool of up to 5,000,000 USDG, from October 12 to December 10, 2026.
- ANTHROPICX on Kraken Pro: $20,000 prize pool, up to 10x leverage, ranking by volume
- OURAx and MOONSHOTx perps: 10,000 USDG pool, up to 10x leverage
- Halloween sweepstakes: 1,000 SOL to one winner, every dollar traded in October counted as an entry
Licences and product plans
Kraken won Fintech Company of the Year - Established at the National Fintech Awards 2026 in Ireland, where it holds an EMI licence and a MiCA-regulated presence from the Central Bank of Ireland.
Looking ahead, Payward has announced prediction markets for US customers and a personal finance AI agent, both outside core crypto trading.
