Kraken to acquire Breakout.

Kraken, a technology platform, agreed to acquire Breakout, an evaluation-based proprietary trading firm. Financial terms were not disclosed. “Breakout gives us a way to allocate capital based on proof of skill rather than access to capital itself. 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. That is deeply embedded in Kraken’s cultural DNA. Breakout’s evaluation first model is designed to verify risk discipline, strategy consistency, and real market decision making under pressure. This is not simulation for simulation’s sake. It is a filter for scalable signal,” Arjun Sethi, Kraken Co-CEO.