Kraken Bolsters Trading Suite with Breakout Acquisition
Kraken has expanded its services by acquiring Breakout, a crypto-focused firm that finances skilled traders. This move integrates an evaluation-based trading model into Kraken Pro.
Traders can qualify for up to $200,000 in capital after rigorous risk assessments. Those who succeed retain 90% of their profits.Kraken co-CEO Arjun Sethi explained, “Breakout lets us invest in talent proactively.”
- Breakout demands proof of expertise over financial backing.
- Traders must adhere to strict drawdown guidelines.
- The platform supports over 50 crypto pairs with Bitcoin and Ethereum up to 5x leverage.
This acquisition aligns with KrakenS strategic goals. It recently added Capitalise.ai for trading automation and secured a Markets in Crypto-Assets Regulation license for European operations. With a possible IPO in 2026, Kraken aims for a $15 billion valuation.
By merging Breakout’s framework with its network, Kraken fosters a fair financial environment. traders worldwide can showcase their skills and expand confidently.
