Kraken Launches Kraken Prop After Breakout Acquisition
Kraken entered the funded-trading market with Kraken Prop, offering crypto traders up to $200,000 in firm capital and a 90% profit split following its acquisition of Breakout.
Kraken launched Kraken Prop, a proprietary trading program that gives crypto traders access to firm capital after completing an evaluation. The launch marks the exchange's formal entry into the funded-trader segment.
Under the program, traders can operate with up to $200,000 in company-backed capital while keeping up to 90% of generated profits. The product builds on Kraken's earlier acquisition of Breakout, a crypto-native funded-trader firm whose evaluation framework and risk tooling have been folded into the new offering.
Kraken's entry is significant because it pairs a major regulated exchange's brand, custody, and liquidity with the funded-trader business model that has historically been dominated by independent CFD and futures-focused firms. For traders, that combination offers a more recognizable counterparty; for the wider prop market, it signals that exchange-native prop products may become a parallel category alongside CFD- and futures-prop incumbents.
The launch also sharpens the competitive picture in crypto-native prop. New entrants like SizeProp have raised capital to build infrastructure for the category, while firms such as Hola Prime and existing crypto prop operators are extending products. Kraken's scale, regulatory footprint, and direct exchange relationship give Kraken Prop an unusually strong launch position.