Kraken has taken a decisive step to expand its footprint in active trading by acquiring Breakout, a crypto-native proprietary trading firm. The deal marks the first time a top-tier exchange has integrated a “prop trading arm” directly into its ecosystem, potentially signaling a new wave of gamified trading products in crypto. Breakout operates a familiar model for traders in forex and futures: participants pay a fee to enter a challenge or evaluation phase. If they meet profit targets without breaching drawdown limits, they unlock access to a funded account, in Breakout’s case, with up to $200,000 in notional ... (full story)