Kraken Expands Prop Trading Program to Include Nasdaq 100 Index with 24/7 Trading

Kraken added the Nasdaq 100 to its Kraken Prop funded-account program as the program's first market outside cryptocurrency. Kraken said the market trades 24/7 without contract expiry, rollovers, or forced weekend closures. Evaluations start at $20, with funded wallet sizes ranging from $5,000 to $200,000, a 3% maximum daily loss limit, 2x leverage, and no time limit or consistency rules. Funded traders retain 80% to 90% of profits, with payouts available to a Kraken wallet within 24 hours. Kraken discloses that the service is unregulated, that proprietary capital is allocated by Payward Oceanic Ltd, that most applicants do not pass on their first attempt, and that evaluation fees are non-refundable once trading begins.

Kraken Prop Nasdaq 100 expansion

• ▪TipRanks reported that Kraken Prop was launched after Kraken acquired crypto-native prop trading firm Breakout. Kraken's separate partnership with Nasdaq is not identified in Kraken's announcement as part of the Nasdaq 100 offering.
• ▪Kraken expanded its Kraken Prop funded-account trading program by adding the Nasdaq 100 index as its first market outside of cryptocurrency.
• ▪The Nasdaq 100 index on Kraken Prop trades 24 hours a day, seven days a week, with no market close, no contract expiry, and no rollovers.

Kraken Prop evaluation rules and terms

• ▪Kraken Prop evaluations enforce no consistency rules, no time limits, and no restrictions on trading strategies.
• ▪Kraken Prop evaluations for the Nasdaq 100 index start at a $20 entry fee, with funded account sizes ranging from $5,000 to $200,000.
• ▪Nasdaq 100 trading on Kraken Prop features a 3% maximum daily loss limit, 2x leverage, and a maximum position size of $100,000 in notional value per trader.
• ▪Funded traders on Kraken Prop receive an 80% to 90% profit split, with payouts withdrawable to a Kraken wallet within 24 hours.

Comparison with traditional prop trading

• ▪Kraken described the Nasdaq 100 as the second most-traded equity index future in the world.
• ▪Kraken said traders using traditional funded-account firms for Nasdaq 100 futures commonly face fixed trading sessions, contract rollovers, and forced closures before weekends.

Kraken diversification and market context

• ▪The Nasdaq 100 index tracks the 100 largest non-financial companies listed on the Nasdaq Stock Market, including Apple, Microsoft, Nvidia, Amazon, Meta, and Tesla.

Kraken Prop risk management and disclosures

• ▪Most applicants do not pass the Kraken Prop evaluation on their first attempt, and evaluation fees are non-refundable once trading begins.
• ▪Kraken Prop is an unregulated service operated by Payward Oceanic Ltd, which requires traders to pass a rigorous evaluation before proprietary capital is allocated.