#What is the New Trading Program from Kraken?
Kraken has announced its acquisition of Breakout to roll out a worldwide proprietary trading initiative that emphasizes traders' skills over simply their access to capital. This program gives qualified participants the chance to manage up to $200,000 in notional capital.
#How Does the Proprietary Trading Program Work?
The program is designed for traders who successfully pass a comprehensive evaluation process and maintain a performance level within specified drawdown limits. Once accredited, traders can access funded accounts that allow them to leverage their trades with up to five times the standard amount on Bitcoin and Ethereum contracts.
Furthermore, the program allows traders to keep up to 90 percent of the profits they generate, providing significant earning potential for those who can demonstrate consistent performance.
#What Are the Key Features of This Trading Initiative?
This proprietary trading program enables users to explore strategies across 50 different cryptocurrency pairs. Individual accounts can hold up to $100,000 in notional capital, and qualified clients may maintain multiple accounts, with an overall limit of $200,000.
The integration of this service into the Kraken Pro platform ensures that eligible users can easily access and navigate the proprietary trading environment. This initiative represents a substantial step toward creating an ecosystem that not only fosters trader education but also supports independent capital deployment effectively.
#Why is This Acquisition Significant for Traders?
Kraken aims to shift the focus from traditional networking to the actual skills possessed by traders. By emphasizing capital allocation based on demonstrated abilities, this program might open opportunities for a broader range of traders looking to enhance their trading capacity and profitability through well-structured evaluation experiences. In rapidly evolving cryptocurrency markets, programs like this could redefine access and success for the retail trader.