Kraken Launches Funded Crypto Trading Program After Breakout Acquisition

Crypto exchange Kraken has officially entered the funded trading space with the launch of Kraken Prop, a new proprietary trading program designed for crypto traders seeking access to company-backed capital.

Announced on Wednesday, the platform allows traders to manage up to $200,000 in funding after completing an evaluation process. Participants can keep up to 90% of the profits they generate, while their risk is limited to a one-time evaluation fee.

With the launch, Kraken expands beyond traditional exchange services and moves into a sector that has grown rapidly in forex and traditional finance markets. The funded trading model gives traders access to larger amounts of capital without requiring them to risk significant personal funds upfront.

Under the program, traders can choose evaluation accounts ranging from $5,000 to $200,000. The assessment takes place in a simulated trading environment designed to reflect real market conditions. Once funded, traders gain access to more than 60 cryptocurrency pairs, including Bitcoin and Ethereum, with leverage of up to 5x.

 

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Kraken said traders will use the same tools and interface available on Kraken Pro during both the evaluation and funded stages. Profit splits begin at 80% and can increase to 90%, while withdrawals are reportedly processed within 24 hours.

The launch follows Kraken’s acquisition of crypto prop trading firm Breakout last year. The deal positioned Kraken as the first major cryptocurrency exchange to directly integrate an evaluation-based proprietary trading model into its ecosystem.

“Breakout gives us a way to allocate capital based on proof of skill rather than access to capital itself,” said Arjun Sethi, co-CEO of Kraken. “We want to build systems that reward demonstrated performance, not pedigree.”

So far, Kraken remains the only major crypto exchange to move directly into the prop trading industry. While competitors such as Coinbase and Crypto.com have also been active in acquisitions, their focus has largely remained on derivatives, brokerage services, and regulatory expansion rather than retail-funded trading models.

Founded in 2011, Kraken has grown into one of the world’s largest cryptocurrency exchanges, offering spot trading, futures, staking, and institutional services to millions of users globally.