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2w ago

Kraken Buys Breakout to Launch Evaluation-Based Prop Trading on Kraken Pro

Qualified traders gain funded accounts with up to $200,000 in capital, plus profit shares up to 90%.

Kraken acquires Breakout to expand global prop trading
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Kraken enters prop trading: breakout acquisition gives funded accounts

Overview

  • The acquisition took effect on Sept. 1 and was announced Sept. 4, with financial terms undisclosed after Breakout’s reported $4.5 million seed round in 2024.
  • Access requires purchasing and passing an evaluation and staying within predefined drawdown limits, with breaches triggering requalification.
  • The program offers more than 50 trading pairs and up to 5x leverage on Bitcoin and Ethereum contracts.
  • Kraken plans to integrate the service into its Kraken Pro platform as part of a broader buildout for advanced traders ahead of a potential 2026 IPO.
  • Breakout’s founders say the platform has issued over 20,000 funded accounts since 2023, reflecting growing interest in merit-based trading capital.