Traders can develop strategies across 50+ crypto pairs with up to 5x leverage on BTC and ETH.
Breakout will be integrated into Kraken Pro, allowing traders strategy access and profit retention.
Kraken, a cryptocurrency technology platform, announced it
has acquired Breakout, a proprietary trading firm. Breakout provides traders access to capital for executing
strategies and allows them to trade crypto through funded accounts after
passing an evaluation, without using personal funds.
Kraken is the first cryptocurrency exchange to
enter the proprietary trading space. Unlike traditional prop trading firms,
which provide funded accounts to traders without offering an exchange platform,
Kraken combines its exchange infrastructure with Breakout’s evaluation-based
trading model.
Kraken Adds Funded Accounts for Traders
Arjun Sethi, co-CEO of Kraken, Source: Youtube
“Breakout gives us a way to allocate capital based on proof
of skill rather than access to capital itself. In a world that is rapidly
shifting from who you know to what you know, we want to build systems that
reward demonstrated performance, not pedigree,” commented Arjun Sethi, co-CEO of Kraken.
The acquisition expands Kraken’s product offerings for
advanced traders. Through Breakout, qualified traders can access up to $200,000
in notional capital.
To qualify, traders must purchase and pass an evaluation
and maintain performance above set drawdown limits. Traders who meet these
requirements receive funded accounts and can retain up to 90% of any profits.
Payments are made directly on-demand.
Breakout Founded 2023, Raises Seed Funding
Breakout is a crypto-native proprietary trading firm founded
in 2023 by Alex Miningham and Dylan Loomer. Operating as “Breakout Trading
Group, LLC,” the firm is headquartered in Tampa, Florida. In July 2024,
Breakout raised $4.5 million in a seed funding round led by RockawayX,
Mechanism Capital, IOBC Capital, C² Ventures, and Round13 Capital.
Breakout Traders Gain Access to 50+ Pairs
Kraken said the move supports its goal of enabling
experienced traders to deploy capital in crypto markets. Breakout will benefit
from Kraken’s infrastructure and global reach. Over time, Breakout will be
integrated into the Kraken Pro platform for eligible users.
Breakout allows traders to develop strategies across more
than 50 crypto pairs. Leverage of up to 5x is available on BTC and ETH
contracts. Traders must pass evaluations to receive capital and must requalify
if drawdown limits are breached.
Prop Trading Brings Risks and Complexity
Entering prop trading presents several challenges for
exchanges. Regulatory scrutiny can arise as authorities assess how such
activities fit within existing rules. Risk management is important to limit
potential losses from funded traders.
Market integrity must be maintained to
prevent manipulation or abusive strategies. Operational complexity can increase
when integrating new trading models, and competition from established prop
trading firms can affect trader adoption.
Expanding Services with NinjaTrader Acquisition, Cyprus
License
Kraken announced plans to acquire the futures
trading platform NinjaTrader for $1.5 billion. The acquisition aims to
combine traditional finance tools with crypto trading and expand services for
retail and institutional users.
In Europe, Kraken
launched crypto derivatives under a Cyprus license. The license, obtained
through a Cypriot Investment Firm approved by CySEC, allows the exchange to
offer additional products and strengthens its regulatory presence in the
region.
Kraken, a cryptocurrency technology platform, announced it
has acquired Breakout, a proprietary trading firm. Breakout provides traders access to capital for executing
strategies and allows them to trade crypto through funded accounts after
passing an evaluation, without using personal funds.
Kraken is the first cryptocurrency exchange to
enter the proprietary trading space. Unlike traditional prop trading firms,
which provide funded accounts to traders without offering an exchange platform,
Kraken combines its exchange infrastructure with Breakout’s evaluation-based
trading model.
Kraken Adds Funded Accounts for Traders
Arjun Sethi, co-CEO of Kraken, Source: Youtube
“Breakout gives us a way to allocate capital based on proof
of skill rather than access to capital itself. In a world that is rapidly
shifting from who you know to what you know, we want to build systems that
reward demonstrated performance, not pedigree,” commented Arjun Sethi, co-CEO of Kraken.
The acquisition expands Kraken’s product offerings for
advanced traders. Through Breakout, qualified traders can access up to $200,000
in notional capital.
To qualify, traders must purchase and pass an evaluation
and maintain performance above set drawdown limits. Traders who meet these
requirements receive funded accounts and can retain up to 90% of any profits.
Payments are made directly on-demand.
Breakout Founded 2023, Raises Seed Funding
Breakout is a crypto-native proprietary trading firm founded
in 2023 by Alex Miningham and Dylan Loomer. Operating as “Breakout Trading
Group, LLC,” the firm is headquartered in Tampa, Florida. In July 2024,
Breakout raised $4.5 million in a seed funding round led by RockawayX,
Mechanism Capital, IOBC Capital, C² Ventures, and Round13 Capital.
Breakout Traders Gain Access to 50+ Pairs
Kraken said the move supports its goal of enabling
experienced traders to deploy capital in crypto markets. Breakout will benefit
from Kraken’s infrastructure and global reach. Over time, Breakout will be
integrated into the Kraken Pro platform for eligible users.
Breakout allows traders to develop strategies across more
than 50 crypto pairs. Leverage of up to 5x is available on BTC and ETH
contracts. Traders must pass evaluations to receive capital and must requalify
if drawdown limits are breached.
Prop Trading Brings Risks and Complexity
Entering prop trading presents several challenges for
exchanges. Regulatory scrutiny can arise as authorities assess how such
activities fit within existing rules. Risk management is important to limit
potential losses from funded traders.
Market integrity must be maintained to
prevent manipulation or abusive strategies. Operational complexity can increase
when integrating new trading models, and competition from established prop
trading firms can affect trader adoption.
Expanding Services with NinjaTrader Acquisition, Cyprus
License
Kraken announced plans to acquire the futures
trading platform NinjaTrader for $1.5 billion. The acquisition aims to
combine traditional finance tools with crypto trading and expand services for
retail and institutional users.
In Europe, Kraken
launched crypto derivatives under a Cyprus license. The license, obtained
through a Cypriot Investment Firm approved by CySEC, allows the exchange to
offer additional products and strengthens its regulatory presence in the
region.
Prop Firms and Brokers Form a Perfect Synergy: One Offers Access, the Other Capital
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
