Product Manager, Prop Trading - Breakout

Kraken is a mission-focused company rooted in crypto values, seeking to accelerate the global adoption of crypto. The Product Manager for Prop Trading will own the end-to-end trading experience across Breakout Prop and Kraken Prop, focusing on delivering a best-in-class trading UX for serious derivatives traders.

Responsibilities:

• 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

Requirements:

• 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
• 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
• 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
• Bonus: experience with agentic workflows, algorithmic trading, or API-first product design