Kraken has fully integrated a prop trading function, following its purchase of Breakout in September.

The cryptocurrency exchange now has a dedicated sub-section on its website, directing users to Breakout’s evaluation.

As a major, widely used exchange, Kraken’s integration of the crypto prop trading business marks one of the first times a top-tier mainstream crypto platform has fully embedded a prop-trading arm.

Depending on how this plays out, this may add credibility to retail prop trading, with the business models of many such firms still viewed with scepticism, particularly in the UK.

Kraken advertises that  under the new setup, users who pass Breakout’s evaluations can receive up to $200,000 in funded capital with no deposit required and can keep up to 90% of profits.

The prop trading subsidiary’s price starts at a $50 evaluation fee for a $5,000 funded trading account, rising to up to $999 for a $100,000 account.

Each evaluation requires users to reach a profit target while staying within the drawdown limits.

Breakout’s funded accounts support trading on 50+ crypto pairs, with up to 5× leverage on key assets such as Bitcoin and Ethereum. 

Its website states that payouts from funded accounts can be requested on-demand, 24/7 and are normally processed within 24 hours.