Kraken Funded Brings Larger Trading Capital to Eligible Customers

Kraken has introduced Kraken Funded, a new service for customers to access larger trading capital. This move follows the company's earlier introduction of Kraken Prop, a proprietary trading program inside Kraken Pro.

Eligible customers can participate in a challenge-style environment with no real capital at risk during the test. The challenge fee ranges from $20 to qualify for $1,000 up to $90 to qualify for $10,000.

To pass the assessment, participants must reach a profit target of 12% before losing more than 5%. There is no daily drawdown limit.

Customers who complete the challenge gain access to a funded account backed by Kraken's capital. They can trade across 50+ cryptoassets and select stocks from the Kraken app, with no trading fees on their funded account.