Kraken acquires Breakout, a Tampa startup that provides traders with up to $200,000 in capital based on skill, not pedigree. Proprietary trading allows traders to keep up to 90% of profits. The platform supports over 50 crypto pairs, including BTC and ETH leveraged contracts.

Breakout raised $4.5 million in seed funding and will integrate into Kraken Pro. Kraken’s acquisition of NinjaTrader for $1.5 billion in May 2025 shows a push into trading infrastructure. Prop trading has grown in the crypto sector, with firms like Jump Crypto and DRW’s Cumberland deploying capital.

Coinbase acquired Deribit in a $2.9 billion deal, expanding into derivatives trading. Crypto.com secured a MiFID license after acquiring A.N. Allnew Investments Ltd. Japanese exchange Coincheck plans to acquire Aplo, a Paris-based brokerage, to enter Europe’s regulated markets. Exchanges are making TradFi acquisitions to broaden their offerings.

Read more at Cointelegraph: Kraken Enters Prop Trading with Breakout Acquisition