Kraken Launches Prop Trading Program, Allowing Traders to Use Up to $200K in Firm Capital
Reported by Finance Magnates
Sentiment
Positive
Importance
8
Price
0
Mkt Cap
0
52W Low
0
52W High
0
Market data snapshot near publication time
Summary
Kraken has launched its new "Kraken Prop" program, entering the funded trading segment. This service allows traders to access up to $200,000 in company-backed funds after an evaluation, keeping up to 90% of generated profits. This strategic move, following its acquisition of Breakout last year, expands Kraken's product suite beyond exchange services and positions it as the first major crypto exchange directly in the prop trading arena. This could open a significant new revenue stream and attract a new segment of traders to the platform.
This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Finance Magnates.
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