Kraken acquires Breakout to expand prop trading services
From blockworks.co
Kraken has acquired Breakout, a proprietary trading platform launched in 2023 that funds traders based on proven performance, the companies announced on Thursday. The deal will integrate Breakout’s evaluation-based model directly into Kraken Pro, allowing eligible users to access up to $200,000 in notional capital and retain up to 90% of profits. Breakout requires traders to purchase and pass an evaluation that tests risk discipline, drawdown management, and strategy consistency before receiving funded accounts. Each account is capped at $100,000, though traders may hold multiple accounts up to $200,000 in aggregate. ...
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