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Kraken Parent Payward Bets Billions On Financial Infrastructure Over Crypto Exchange

Co-CEO Arjun Sethi says the company is unifying trading, payments and asset management on common rails.

1 publisher · 1 article · first seen 26 Sept 2026 · updated 2d ago

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  • Kalshi Kraken 10% $0 24hends 1 Jan 2027

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  • Kalshi Morgan Stanley 11% $0 24hends 1 Jan 2027

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How the odds moved · Kraken
0%50%100%10%25 Sept, 14:51 UTCnowCoinDesk: Kraken’s parent Payward is betting billions on becoming financial infrastructure, not just a crypto exchange · 26 Sept, 14:00 UTC

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TimeChance of yes
now10%
25 Sept, 14:51 UTC10%

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Sources

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  1. Kraken’s parent Payward is betting billions on becoming financial infrastructure, not just a crypto exchange CoinDesk ·

In this story

  • Kraken
  • Payward
  • Arjun Sethi