Kraken Completes Major Acquisition of Breakout to Offer Prop Trading to Clients Globally

Kraken, a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom, today announced its acquisition of Breakout, an evaluation-based proprietary trading firm that provides skilled traders with the opportunity to earn payments for successfully deploying strategies at scale.

Effective September 1, this strategic acquisition expands Kraken’s product suite for advanced traders. Breakout enables qualified traders to access up to $200,000 in notional capital. To qualify, traders must first purchase and pass a rigorous evaluation and maintain performance above predefined drawdown limits. Traders who succeed in the evaluation receive a funded account and are eligible to retain up to 90% of any profits they generate, which are paid directly to them on-demand.

Arjun Sethi, co-CEO of Kraken said: “Breakout gives us a way to allocate capital based on proof of skill rather than access to capital itself. In a world that is rapidly shifting from who you know to what you know, we want to build systems that reward demonstrated performance, not pedigree. That is deeply embedded in Kraken’s cultural DNA. Breakout’s evaluation first model is designed to verify risk discipline, strategy consistency, and real market decision making under pressure. This is not simulation for simulation’s sake. It is a filter for scalable signal.”

This acquisition advances Kraken’s mission by empowering the world’s most capable traders to allocate at size into the crypto markets. It also reaffirms Kraken’s commitment to building innovative, performance-based products that are open to all. Breakout, in turn, gains the benefit of Kraken’s global infrastructure and trusted brand. Over time, Breakout will be integrated directly into the Kraken Pro platform, offering seamless access to eligible users.

Alex Miningham, co-founder and CEO of Breakout, said: “Breakout gives traders a performance-based starting point. Kraken delivers the scale and tools to grow. Together, both companies form a unified ecosystem that supports the full trader journey from education through independent capital deployment.”

Sethi continued: “By integrating Breakout into Kraken, we are building an infrastructure layer where traders can earn their way into size, deploy capital with minimal friction, and get paid on merit. This is how modern capital platforms should work. Transparent, programmable, and open to anyone with an edge.”

Breakout offers traders the ability to develop strategies across a selection of 50+ crypto pairs, with up to 5x leverage available on BTC and ETH contracts. Traders must pass an evaluation before receiving notional capital allocation, and must requalify if they breach drawdown thresholds.

A maximum $100,000 in notional capital is available for each funded client account. Clients are able to have more than one account, with a maximum of $200,000 in notional capital in aggregate.