Kraken's Acquisition of Breakout: Kraken has acquired Breakout, a proprietary trading firm, to enhance its performance-driven trading capabilities by integrating an evaluation-based model into Kraken Pro, allowing traders to access up to $200,000 in capital after passing strict evaluations.
Focus on Performance and Risk Management: The new model emphasizes rewarding traders based on skill rather than capital access, with successful traders retaining up to 90% of their profits, while also reinforcing risk management through strict drawdown rules.
