Once the domain of small, aggressive startups, Prop Trading is going mainstream, with larger established brokers and financial firms starting to launch their own prop brands.

Now, it is crypto giant Kraken’s turn, with Kraken Prop.

Crypto exchange operator Kraken, part of Payward Inc, has announced that it is launching Kraken Prop: a crypto prop trading program that gives skilled traders access to serious capital, with up to 90% of the profits going straight to them.

The move follows Kraken’s acquisition of Breakout, a retail crypto prop trading firm, late last year.

What is prop trading?

Prop trading (short for proprietary trading) flips the traditional model on its head. Instead of…