US Crypto Exchange Kraken has acquired its own trading platform Breakout, the company announced Thursday.
San Francisco, California-based Kraken said he bought a breakout for senior traders. The platform allows eligible users to access up to $200,000 in expected capital and maintain up to 90% of their profits. Top traders are rewarded by doing large trades.
I don't know Kraken Decryption The price of the transaction.
“Breakout gives us a way to allocate capital based on proof of skill, rather than access to capital itself,” Kraken co-CEO Arjun Sethi said in a statement. “In a world that is rapidly changing from the people you know to the things you know, we want to build a system that rewards proven performance, not pedigree.”
Breakout offers traders five leverage on BTC and ETH contracts. However, traders must pass the valuation before receiving the expected capital allocation and will be subject to retest if they violate the drawdown threshold.
In a press release, Kraken reaffirmed its purpose to provide “innovative performance-based products” by saying it was to “enhancing” the allocation of sizes to Crypto Markets. The company plans to integrate the breakout into the Kraken Pro platform.
The debut comes as Kraken offers new products, including fund transactions for stocks and exchange agreements in certain US states. In March, Kraken announced it would be purchasing the Futures Trading Platform Ninjatrader for $1.5 billion.
The company is planning to make it public, a spokesman for Kraken. Confirmed In Decryption According to an early 2026 report, earlier this year, perhaps early 2026. The company was then made public to its second US-based crypto exchange, following Coinbase, which was listed on the NASDAQ in April 2021.
Kraken's plan will take place in a more friendly political and regulatory environment for digital assets led by Donald Trump's management, which received massive donations from industry stubborns during his 2024 run with President in 2024.
Late March, US Securities and Trade Commission Rejected Enforcement measures against Kraken and two other crypto companies Regulations To drop cases with bias, make sure that decisions are not finally shaping. Regulator It's finished again Cases for Coinbase, Robinhood, Uniswap Labs, and Opensea.
Sethi noted that the acquisition will allow Kraken to provide services consistent with “modern capital platforms should work.”
“By integrating breakouts into Kraken, we are building an infrastructure layer where traders can reach size, deploy capital and pay for benefits with minimal friction,” he said.
