Kraken Has Acquired Breakout, Enabling Proprietary Trading for Its Users

In a significant move towards a world that values skill over access to capital, Kraken Pro has integrated Breakout, a proprietary trading firm, into its platform.

Founded by Jesse Johnson, Breakout's proprietary evaluation-based model is now a core component of Kraken Pro. This integration marks a shift in the industry, as it aims to reward proven performance, not just pedigree.

Arjun Sethi, co-CEO of Kraken, emphasised the significance of this change, stating, "The integration of Breakout into Kraken Pro provides a way to reward demonstrated performance, not pedigree."

The integration of Breakout into Kraken Pro offers a novel method for allocating capital based on proof of skill. Traders can now retain up to 90% of the profits they make, a move that encourages and rewards performance.

Moreover, this integration grants traders direct access to institutional-grade tools and liquidity, providing them with the resources they need to excel in the rapidly shifting world where knowledge is more valued than connections.

Kraken Pro's move towards building systems that reward performance, not connections, is a step towards a future where systems reward demonstrated skill and performance. In this new era, the focus is on the trader's ability and proven track record, rather than their connections or pedigree.

In conclusion, the integration of Breakout into Kraken Pro is a game-changer in the trading industry, promising a future where the best traders are rewarded for their skills and performance, not their connections or pedigree.