Kraken's proprietary trading program, Kraken Prop, has raised leverage across many markets, including up to 10x for Bitcoin, Nasdaq 100, and the S&P 500. This change means the same position now requires half the margin; for example, a $1 million Bitcoin position that previously needed $200,000 in account margin now only requires $100,000. Additionally, the S&P 500's notional cap has doubled from $1 million to $2 million, effectively doubling buying power at every account size. Existing positions, open evaluations, profit splits, and payout terms remain unaffected.