Grand master plan reveals: TradFi 🤝 crypto 🤝 DeFi.
Looking forward to working with @adenatfriedman and the @NasdaqExchange team on making equities trade 24/7, 7 days a week.
If you’re trying to make sense of this market without forcing a narrative, this is worth your time.
@ThomasPerfumo at @krakenfx is truly one of the the more impressive minds evaluating the crypto markets.
He breaks down what’s actually moving crypto right now: macro + liquidity, higher equity correlation, ETF/MSTR flows, stablecoins, and the regulatory backdrop.
https://t.co/UBCixLXjk7
Big 2025 for @krakenfx announced yesterday
Revenue exceeds $2.2B with solid profitability, over $530M EBITDA
Huge momentum for 2026 - double digit product launches set to scale, multi-geo expansion, and new acquisitions delivering growth and synergies
https://t.co/kJEskVRai4
Today, we’re announcing Payward’s FY 2025 financial results—and alongside them, a clearer articulation of Payward’s role as the unified infrastructure layer powering Kraken and a growing family of products, including @NinjaTrader, @breakoutprop , @xStocksFi, and future products yet to be launched.
Payward enables each product to be purpose-built for a specific customer segment, regulatory regime, and use case, while operating on shared foundations:
∙ One global liquidity pool
∙ One risk & margin engine
∙ One collateral & settlement system
∙ One compliance & licensing framework
Beginning in 2025, Payward has taken on a more explicit role as the infrastructure layer supporting multiple product surfaces and interfaces. Last was a year defined by execution: shipping across the entire product suite, launching, scaling, and integrating at a pace that reflected both operational maturity and long-term conviction. Growth was driven by strong core product momentum and meaningful contributions from recent acquisitions.
📈 FY 2025 highlights:
∙$2.2B adjusted revenue (+33% YoY)
∙$531M adjusted EBITDA (+26% YoY)
∙$2.0T platform transaction volume (+34% YoY)
∙$48.2B assets on platform (+11% YoY)
∙ 5.7M funded accounts (+50% YoY)
∙ Futures DARTs up 119%, driven by NinjaTrader and Breakout integration
FY 2025 established a new baseline for Payward’s scale, earnings power, and long-term ambition.
Learn more 👇
https://t.co/cdkf34v3bO
Co-CEO @arjunsethi on CNBC laying out why the Krak Card marks a tipping point — giving people instant, real-world access to the assets they already own, and turning a fragmented financial life into one seamless everyday account.
Apparently a 30 minute conversation about how to make the UK the global center for crypto innovation got reduced to one line about disclaimers.
When I spoke with press and regulators I was talking about what can make the UK better and why I’m excited to build here. We have hundreds of employees and are expanding multi product and multi asset. The progress with customers, clients and regulators has actually been great.
What I was calling out is a leftover issue from the Euro era. Every platform has 1000 disclaimers before you can do anything. That doesn’t protect users. It trains them to ignore warnings altogether.
Consumer protection matters. Trust matters. Transparency matters. But usability and comprehension matter too. You can have all of them together. That’s the point.
The goal is to help build a stronger financial ecosystem in the UK. Better yields. More inclusive products. Tokenized assets. Global liquidity. Access for everyone not just family offices.
The conversation wasn’t negative. It was macro and micro. It was about how to actually get this right. The UK can lead. We’re here to help make that happen.
Also yes I’ve seen the AI photo. I like my new look. A pirate. Twenty years older. Some lines on my neck and a few more bags under my eyes. The only thing missing is a Zyn, a $BTC and $DOG shirt, and a Guinness in my hand.
Hester’s framework reminds me of the Enlightenment tradition, clarity rooted in first principles, but tested against the messy realities of markets and human behavior. In an era when regulatory discourse often drifts toward politics or optics, she approaches it like a mathematician: start with axioms, derive implications, and test against reality. It’s rare to see that kind of disciplined reasoning applied to modern capital markets policy
People said the same thing about the Soviet Union. Faster trains, cleaner cities, better discipline.
But America was built on something deeper; privacy, sovereignty, and ownership.
I can own my property. I can say what I want. I can move my money freely.
That is the difference between speed and freedom.
The former burns bright. The latter endures.