Payward Expands Financial Services Beyond Crypto Exchange
- Payward operates Kraken, which has approximately 6.6 million funded accounts holding $40-$50 billion in assets.
- The company is adding services such as cards, lending, derivatives, and tokenized equities to enhance its offerings.
- Recent acquisitions include NinjaTrader for $1.5 billion and Bitnomial for $550 million to support U.S. futures and regulated derivatives.
- Payward is planning to acquire a bank in Europe as part of its expansion strategy.
Payward’s strategy focuses on building a unified financial platform that integrates various services around its trading accounts while also enhancing infrastructure through acquisitions and partnerships.
With over $40 billion in assets across its accounts, Payward aims to solidify its position by diversifying into banking and asset management services through strategic investments.(Source)
