Introducing Kraken Prop: trade with our money, not yours

Wallet Size

$200,000

The maximum capital available to traders who pass the evaluation.

Profit Share

90%

The percentage of profits traders can retain after receiving funding.

Evaluation Fee

$20

The starting cost for traders to participate in the evaluation process.

§ 01 Executive Snapshot

What: Kraken has launched Kraken Prop, a proprietary trading program for crypto traders.
Who: Kraken, traders seeking to leverage firm capital.
Why it matters: This program democratizes access to trading capital, allowing skilled traders to operate without risking their own funds.

Kraken Prop allows traders to access up to $200,000 in capital without needing personal funds.
Traders retain 80% of their profits, with an option to upgrade to 90%.
Evaluation fees start at $20, with six wallet tiers available ranging from $5,000 to $200,000.

Proprietary trading has a long-standing history in traditional finance, and Kraken Prop adapts this model to the cryptocurrency space.
The program addresses the common barrier of limited capital that many traders face, potentially increasing market participation.

Immediate consequence includes increased competition among traders as they can now trade with larger amounts of capital.
Long-term implications may include a shift in trading strategies as traders adapt to the flexibility and resources provided by Kraken Prop.

The program is unregulated, which could pose risks to both Kraken and participating traders.
There is a significant risk of not passing the evaluation, as most applicants may not succeed on their first attempt.

Future developments to watch include the number of traders successfully funded through Kraken Prop and the overall impact on Kraken's trading volume.
The performance metrics of funded traders could signal the effectiveness of the evaluation process and the program's viability.

§ 07

What is Kraken Prop?

Kraken Prop is a proprietary trading program launched by Kraken that allows crypto traders to access trading capital without risking their own funds.

Who can benefit from Kraken Prop?

Traders seeking to leverage firm capital can benefit from Kraken Prop, as it democratizes access to trading resources.

How much capital can traders access through Kraken Prop?

Traders can access up to $200,000 in capital without needing personal funds.