Product Manager, Prop Trading - Breakout at Kraken.com

BUILDING THE FUTURE OF CRYPTO  Our Krakenites are a world-class team with crypto conviction, united by our desire to discover and unlock the potential of crypto and blockchain technology. What makes us different? Kraken is a mission-focused company rooted in crypto values. As a Krakenite, you’ll join us on our mission to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. For over a decade, Kraken’s focus on our mission and crypto ethos has attracted many of the most talented crypto experts in the world. Before you apply, please read the Kraken Culture [Upgrade to PRO to see link] page to learn more about our internal culture, values, and mission. We also expect candidates to familiarize themselves with the Kraken app. Learn how to create a Kraken account here [Upgrade to PRO to see link] As a fully remote company, we have Krakenites in 70+ countries who speak over 50 languages. Krakenites are industry pioneers who develop premium crypto products for experienced traders, institutions, and newcomers to the space. Kraken is committed to industry-leading security [Upgrade to PRO to see link] crypto education [Upgrade to PRO to see link] and world-class client support [Upgrade to PRO to see link] through our products like Kraken Pro [Upgrade to PRO to see link] Desktop [Upgrade to PRO to see link] Wallet [Upgrade to PRO to see link] and Kraken Futures [Upgrade to PRO to see link] Become a Krakenite and build the future of crypto! PROOF OF WORK THE TEAM Breakout is a crypto-native proprietary trading platform backed by Kraken. Founded in 2023 by industry veterans, we combine deep liquidity, cutting-edge technology, and world-class risk management to create an unparalleled trading experience. Acquired by Kraken, we now operate two prop trading products — Breakout Prop and Kraken Prop — at the intersection of the world's most trusted crypto exchange and a fast-moving prop firm. We're a lean, high-conviction team where every hire genuinely shapes the product. The trading experience is our core competitive surface — it's what traders evaluate us on, stay for, and tell their networks about. This role owns it. You'll work alongside traders, engineers, and operators who move fast, think rigorously, and hold each other to a high bar. If you want to build the best prop trading terminal in crypto, this is the team. Reporting directly to the Head of Product, the PM, Prop Trading will own the end-to-end trading experience across Breakout Prop and Kraken Prop — web and mobile. THE OPPORTUNITY - Drive the trading experience roadmap within your domain — sequencing, requirements, and delivery — in close partnership with the Head of Product - Define what best-in-class prop trading UX looks like: fast, intuitive, and built for serious derivatives traders - Drive execution on near-term priorities and terminal parity with the best in market (Hyperliquid and beyond) - Lead the product strategy for agentic and API trading — giving power users programmatic access to prop capital - Partner with Kraken Pro engineering to build a trading experience that feels native to the crypto ecosystem while serving the specific needs of prop traders - Work closely the risk team to translate execution nuance into product requirements — understanding A-book vs B-book mechanics, drawdown rules, and how they shape UX - Set the bar for what "done" means on trading features — requirements, edge cases, acceptance criteria, and post-ship iteration SKILLS YOU SHOULD HODL - Product depth - 3-6+ years in senior product management, with significant time owning a trading or execution product - Deep understanding of derivatives trading — perps, futures, margin, leverage, order types, risk parameters - Experience building for professional or semi-professional traders who have high expectations and low tolerance for friction - Track record of shipping complex, technically demanding features end-to-end with high quality - Ability to write detailed, unambiguous product requirements that engineers can act on without constant clarification - Strong opinions on trading UX — you've used the best terminals out there and you know what good looks like Technical fluency - Comfortable in the technical weeds — you can read API docs, understand data contracts, and have an informed opinion on architectural tradeoffs - Experience working on products with real-time data requirements (streaming prices, live P&L, order state) - Familiarity with trading infrastructure concepts — order routing, execution layers, risk engines, position monitoring - Bonus: experience with agentic workflows, algorithmic trading, or API-first product design Leadership & craft - Senior enough to own a domain with minimal direction — you set the agenda, you don't wait for one - Strong written communicator — your PRDs, tickets, and async updates are clear and complete - Experience working across multiple engineering teams and navigating cross-functional dependencies - Trader empathy — you understand what it feels like to have a position open and need the product to work perfectly - Crypto-native or deeply curious — you understand the space, the culture, and why prop trading matters here Unless a specific application deadline is stated in the job posting, applications are accepted on an ongoing basis. Please note, applicants are permitted to redact or remove information on their resume that identifies age, date of birth, or dates of attendance at or graduation from an educational institution. We consider qualified applicants with criminal histories for employment on our team, assessing candidates in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance. Kraken is powered by people from around the world and we celebrate all Krakenites for their diverse talents, backgrounds, contributions and unique perspectives. We hire strictly based on merit, meaning we seek out the candidates with the right abilities, knowledge, and skills considered the most suitable for the job. We encourage you to apply for roles where you don't fully meet the listed requirements, especially if you're passionate or knowledgable about crypto! We may ask candidates to complete job-related skills or work-style assessments as part of our hiring process. These assessments are designed to evaluate competencies relevant to the role and are applied consistently across candidates for similar positions. Assessment results are considered alongside other relevant information, such as experience and interviews, and are not the sole basis for any employment decision. As an equal opportunity employer, we don’t tolerate discrimination or harassment of any kind. Whether that’s based on race, ethnicity, age, gender identity, citizenship, religion, sexual orientation, disability, pregnancy, veteran status or any other protected characteristic as outlined by federal, state or local laws.  Stay in the know Follow us on Twitter [Upgrade to PRO to see link] Learn on the Kraken Blog [Upgrade to PRO to see link] Connect on LinkedIn [Upgrade to PRO to see link] Candidate Privacy Notice [Upgrade to PRO to see link]