Key Takeaways:
- Kraken has launched a licensed crypto derivatives brokerage in Australia, targeting institutional and wholesale clients.
- The service allows eligible clients to trade derivatives using fiat, stablecoins, and other cryptocurrencies, with integrated risk management tools.
- This expansion underscores Kraken’s focus on regulatory compliance and aims to tap into growing institutional demand in Australia.
Kraken, a major cryptocurrency exchange, has launched a licensed brokerage service in Australia tailored for institutional investors and large-scale clients.
Starting November 3, eligible clients can trade crypto derivatives, allowing them to gain exposure to cryptocurrency price shifts without directly owning the assets.
Hey Australia 🇦🇺 – big news!
— Kraken Exchange (@krakenfx) November 3, 2024
We are now offering access to crypto-based derivatives for eligible wholesale clients via our Australian financial services licensed broker.
Read more here:https://t.co/beFhgGaGGm pic.twitter.com/wl1jbfMVjE
This service, accessible through the Kraken Pro app, reflects Kraken’s dedication to regulatory standards in Australia, where it aims to accommodate rising institutional interest in crypto.
With an Australian financial services license, Kraken’s brokerage provides access to various crypto derivatives, supporting fiat, stablecoins, and crypto as collateral.
The platform includes risk management tools and trading strategies to enhance asset security.
However, Kraken cautions that certain derivatives may lead to losses exceeding initial investments.
According to Jonathan Miller, Kraken’s Australian GM, this move aligns with demand for sophisticated trading options and underscores Australia’s importance to Kraken’s global strategy, combining regulatory adherence with support for institutional crypto engagement.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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