Kraken Launches Prop Program Offering Up to $200K in Firm Capital

Kraken has launched Kraken Prop, a funded-trader program offering up to $200,000 in firm capital to traders who pass a skill-based evaluation. The move marks one of the most notable crypto-native entries into the prop trading space, putting a regulated exchange directly into competition with established forex and futures prop firms. Kraken Prop joins a growing wave of exchanges experimenting with capital-allocation programs as a way to deepen platform liquidity and acquire active traders.