PANews reported on May 21 that K33 released its Q1 2026 report. Despite an overall decline of approximately 15% in spot market trading volume during Q1 2026, K33 still achieved revenue of SEK 740 million (approximately USD 79.24 million), representing a year-on-year increase of 64% and a quarter-on-quarter increase of 73%. K33 Markets' trading activity remained robust throughout the quarter, reflecting its continued operational momentum and increased trading activity from large clients and counterparties. During the quarter, K33 launched its cryptocurrency mortgage lending business, completed a significant platform upgrade including full banking integration, and expanded its Bitcoin business through the acquisition of a 46% stake in Sixty Six Capital.