Kraken’s Breakout Acquisition Signals Institutional Bet on Crypto Prop Trading’s Explosive Growth

When Kraken announced its acquisition of Breakout in September 2025, it sent a clear signal to the cryptocurrency industry: prop trading has arrived. The deal marked the first time a major cryptocurrency exchange entered the proprietary trading space directly, combining Kraken’s institutional-grade infrastructure with Breakout’s evaluation-based funding model. “Breakout gives us a way to allocate capital based on proof of skill rather than access to capital itself,” said Arjun Sethi, Kraken’s co-CEO. “In a world that is rapidly shifting from who you know to what you know, we want to build systems that reward demonstrated performance, not pedigree source: https://beincrypto.com/krakens-breakout-acquisition-signals-institutional-bet-on-crypto-prop-tradings-explosive-growth/