Kraken, a prominent cryptocurrency exchange, has officially launched a licensed brokerage service in Australia aimed at wholesale clients.
Kraken, a prominent cryptocurrency exchange, has officially launched a licensed brokerage service in Australia aimed at wholesale clients.
This new offering is designed to cater to the needs of institutional and large-scale investors seeking advanced trading options in the crypto derivatives market.
Available as of Nov. 3, eligible clients can now trade crypto-based derivatives through Kraken’s platform. These financial products are tied to cryptocurrency prices, allowing investors to engage without directly owning the digital assets. Interested parties can assess their eligibility and apply via the Kraken Pro app.
The new service offers a suite of derivatives with multi-collateral support, enabling clients to use fiat, stablecoins, and various cryptocurrencies as collateral. It includes various risk management tools and trading strategies to enhance users’ asset security.
However, Kraken has cautioned clients about the potential risks involved, noting that losses in certain crypto derivatives can significantly exceed initial investments.
Jonathan Miller, Kraken’s general manager for Australia, emphasized the importance of regulatory compliance in the exchange's operations.
He stated that the decision to introduce a licensed broker service underscores Kraken’s commitment to meeting local regulatory standards while addressing the needs of Australian wholesale clients.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
