US EditionKraken Enters Proprietary Trading with Breakout Acquisition
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18 Articles
Kraken Strengthens Trading Services with Breakout Acquisition
Kraken has expanded its presence in advanced trading by acquiring Breakout, a young but fast-growing crypto-native proprietary trading firm The post Kraken Strengthens Trading Services with Breakout Acquisition appeared first on TheCoinrise.com.
Kraken Acquires Crypto-Native Prop Trading Firm Breakout to Expand Digital Asset Strategy
Quick take: Once traders pass the evaluation, they will be able to trade crypto using funded accounts without using personal funds. The acquisition makes Kraken the first crypto exchange platform to enter the proprietary trading space. In July 2024, Breakout raised $4.5 million in a seed funding round backed by RockawayX, Mechanism Capital, IOBC Capital, C² Ventures, and Round13 Capital. Kraken announced on Thursday that it has acquired the cry…
Key points of the News Kraken officially acquired Breakout, a proprietary trading firm that grants capital to qualified traders through performance appraisals. The agreement provides access to up to $200,000 in capital, allowing it to retain up to 90% of profits. This move reinforces Kraken’s professional trading services, in line with its recent advanced infrastructure-oriented acquisitions for institutional users and expert retailers. Kraken c…
Kraken acquires Breakout to expand proprietary and leveraged trading services - Cryptopolitan
Kraken, a San Francisco-based crypto exchange, has acquired Breakout, a proprietary trading platform that enables funded accounts and leveraged trading services. This means traders can deploy capital based on skill rather than personal funds. Breakout offers experienced traders with capital access of up to $200,000 in notional capital, with an option to retain up to 90% of the profits generated. To be added to the capital pool, traders must pas…
Kraken Acquires Prop Trading Firm Breakout to Expand Advanced Trading Services
Kraken completed its acquisition of Breakout, a proprietary trading firm that provides capital allocation to skilled crypto traders through performance-based evaluations, expanding the exchange's offerings for advanced market participants, the cryptocurrency exchange announced in a statement on Thursday.The acquisition expands Kraken's product suite beyond traditional spot and derivatives trading, targeting sophisticated users seeking institutio…
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