（来源：吴说） 吴说获悉，Kraken 母公司 Payward 披露 2025 财年业绩：调整后营收 22 亿美元（同比 +33%），调整后 EBITDA 5.31 亿美元（+26%），平台交易量 2 万亿美元（+34%），平台资产 482 亿美元（+11%）， 有资金账户 570 万（+50%），期货 DARTs 同比增长 119%。Payward 明确自身定位为支撑 Kraken 及 NinjaTrader、Breakout、xStocksFi 等产品的统一基础设施层。 ...

（来源：吴说） 来源：市场资讯 吴说获悉，Kraken 母公司 Payward 披露 2025 财年业绩：调整后营收 22 亿美元（同比 +33%），调整后 EBITDA 5.31 亿美元（+26%），平台交易量 2 万亿美元（+34%），平台资产 482 亿美元（+11%）， 有资金账户 570 万（+50%），期货 DARTs 同比增长 119%。Payward 明确自身定位为支撑 Kraken 及 NinjaTrader、Breakout、xStocksFi 等产品的统一基础设施层。 ...

RT Breakout (@breakoutprop)The perfect process.1. Get a payout on Breakout.2. Send profits to @krakenfx.This will get a lot easier soon 👀 https://t.co/6rceYKsZSI ...

RT Breakout (@breakoutprop)Over $2 BILLION in liquidations in the last 24 hours.You don’t have enough capital, so you gamble with big positions and high leverage.One bad trade can erase all your progress.Use Breakout.At worst, you lose your evaluation fee - not your entire portfolio.Smarter, safer way to trade crypto. ...

RT Breakout (@breakoutprop)Breakout is one of the best ways to learn how to leverage trade.Most traders that go from spot trading to leverage trading lose everything due to unfamiliarity and bad risk management.Breakout offers fixed downside risk (most you can lose is your test fee) while also teaching you how to manage risk via the drawdown rules.It’s a better, safer, more realistic way to learn leverage and risk management.Once you’re proficient, you can naturally scale up your account size and trade with ...

"Why would I use Breakout when I can just trade my personal account?"Brother you can do both.There are a plethora of ways to speculate on the markets now.Spot, perps, prop, options, prediction markets etc.Why limit yourself?Breakout (@breakoutprop):Breakout shouldn’t entirely replace your personal account.It’s a different but complementary product.Some of our best traders fund their personal accounts with their Breakout profits.Use both to scale. https://t.co/BF83ZHAh6a ...

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]

Core Insights - Kraken's co-CEO Arjun Sethi indicates that the company is not currently pursuing an IPO despite speculation and market optimism surrounding the crypto industry [1][4] - The company has been focusing on strategic acquisitions rather than rushing to go public, with recent acquisitions including NinjaTrade and Breakout [4][5] - Sethi emphasizes that Kraken is not on an acquisition spree but is evaluating opportunities that align with its long-term roadmap [5][6] Company Strategy - Kraken has hinted at a potential IPO as early as Q1 2026, but plans have been delayed due to market conditions and regulatory challenges [4] - The company has been actively acquiring smaller firms to strengthen its position in the market, with a notable acquisition of NinjaTrade for $1.5 billion [4] - Sethi clarifies that the acquisitions are not opportunistic but are strategically aligned with Kraken's goals [5] Market Context - The crypto industry has seen a surge in IPO activity, with rival exchanges like Bullish and Gemini successfully listing on major stock exchanges [2] - The current pro-crypto environment in the U.S., including supportive policies from the government and the SEC, has created a favorable backdrop for potential public offerings [2][3]

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. ...