Kraken adds S&P 500 to funded trading program, with commodities on the roadmap

Kraken just quietly did something that would have sounded absurd three years ago: it’s letting crypto traders take positions on the S&P 500 using the exchange’s own money. The company announced on August 12 that its Kraken Prop funded trading program now includes the S&P 500 as a perpetual contract, available for trading 24/7. Traders who pass the platform’s evaluation process can access wallet sizes ranging from $5,000 to $200,000 in firm capital, keeping between 80% and 90% of whatever profits they generate. The S&P 500 joins the Nasdaq 100, which was previously the first traditional finance market added to the program. How the program works Kraken Prop operates on the funded trading model that has become increasingly popular in both forex and crypto circles. The basic pitch is simple: prove you can trade well during an evaluation period, and the firm hands you real capital to deploy. There are no time limits on the evaluations, which removes one of the more frustrating constraints that competing prop firms typically impose. Instead, traders are subject to drawdown rules, meaning they need to demonstrate consistent risk management rather than just racing to hit a prof...