Product & Acquisition - Breakout, a crypto-native platform, was acquired by Kraken, differentiating itself from other platforms in the space with a better reputation [1][2] - The platform provides leverage based on trading skill, addressing the issue of undercapitalization in trading [2] Value Proposition - Breakout allows traders to manage risk effectively with a larger capital base, making 1R (Risk/Reward ratio) meaningful, enabling better risk management without excessive gambling [4][7] - The platform offers 5x leverage on BTC/ETH and 2x leverage on altcoins, providing a larger capital base for trading [6] Risk Management & Capitalization - Undercapitalized traders are often forced to take on more risk, while Breakout removes this intermediate step by providing a larger account [3][4] - A larger account allows traders to risk a smaller percentage of their balance while maintaining a meaningful return [5] Addressing Concerns & Transparency - Top 10 traders on Breakout withdrew over $436,000 in September, sent directly to their wallets in USDC, tracked via a real-time leaderboard [8] - Losses are limited to the evaluation fee, similar to a call option, providing peace of mind compared to personal accounts [9] Target Audience - Breakout is designed for undercapitalized traders, degen risk traders, those looking to scale within risk management guidelines, and traders seeking a realistic learning environment [10]

Arjun Sethi says he doesn’t suffer from FOMO. The question of whether Kraken’s co-CEO has a fear of missing out surfaced when DL News breached the topic of a potential public float for the US-based crypto exchange. On paper, it’s about time. After all, the crypto industry has caught the IPO bug in a big way this year. Rival exchanges Bullish and Gemini were listed on the New York Stock Exchange and the Nasdaq this summer, capitalising on sweeping market optimism thanks to the US government’s nouveau pro ...

RT Cred (@CryptoCred)@icebergy_ I thought we were gonna flop because CT was so negative at launchSo I just decided to work and not tweet about it despite Breakout taking up most of my waking hoursAnd here we are 🫡 ...

RT Alex (@unclesendit)Incredibly excited to share that Breakout has been acquired by @krakenfx. In under 19 months since launch, Breakout has quickly evolved into the leading evaluation-based prop platform for crypto traders globally. ...

RT Breakout (@breakoutprop)First trade, first payout - just like that🚫 No delaysOnly on Breakout. https://t.co/C2yubKUosH ...

Group 1 - The article provides a summary of foreign exchange trading terminology for the week of May 19-23, focusing on key concepts that traders should understand [1][6]. - "Equity-based lot" is defined as a method of calculating lot size based on account equity rather than balance, allowing for a more conservative approach by considering floating losses [1][5]. - "Risk-based lot / Auto lot" is described as a method that automatically calculates the maximum allowable loss per trade based on set risk parameters, suitable for experienced traders [2][5]. Group 2 - "FX majors" refers to major currency pairs involving the US dollar and other highly liquid currencies, characterized by low spreads and high liquidity, making them popular for automated trading strategies [5][7]. - "FX minors" are defined as currency pairs that do not directly involve the US dollar, typically having higher spreads and lower liquidity, which can increase the risk of slippage and volatility [5][7]. - "Margin" is explained as the portion of funds that is frozen by the trading platform as a deposit for each order, with insufficient margin leading to automatic liquidation of positions [10]. - "Leverage" is described as a tool that allows traders to control larger positions with a smaller amount of capital, with a leverage ratio of 1:100 enabling a trader to control 100 times their investment [10]. - "Breakout" refers to a significant price movement after a period of consolidation, often targeted by trading strategies [13]. - "Consolidation" is characterized by price movements within a narrow range, where certain trading strategies may be favored [13]. - "Slippage" is defined as the difference between the expected price of a trade and the actual price at which the trade is executed, often occurring during volatile market conditions [14][15]. - "Drawdown" is explained as the maximum decline in account value from a peak to a trough, with a specific example illustrating a 50% drawdown [16].