crypto exchangeKraken Launches Licensed Brokerage Service for Institutional Clients in Australia

Kraken Launches Licensed Brokerage Service for Institutional Clients in Australia

Kraken, a leading cryptocurrency exchange, has officially launched a licensed brokerage service in Australia, targeting wholesale clients. This new initiative aims to meet the needs of institutional and large-scale investors looking for advanced trading options in the crypto derivatives market.

Starting November 3, eligible clients can trade crypto-based derivatives on Kraken’s platform. These financial products are linked to cryptocurrency prices, allowing investors to participate without directly owning the digital assets. Interested parties can determine their eligibility and apply through the Kraken Pro app.

The newly introduced service features a range of derivatives with multi-collateral support, allowing clients to use fiat currencies, stablecoins, and various cryptocurrencies as collateral. It also includes a suite of risk management tools and trading strategies designed to enhance asset security.

However, Kraken has issued a warning to clients regarding the potential risks associated with crypto derivatives, highlighting that losses in certain products can exceed initial investments significantly.

Jonathan Miller, Kraken’s general manager for Australia, emphasized the critical role of regulatory compliance in the exchange’s operations. He noted that the launch of the licensed brokerage service reflects Kraken’s commitment to adhering to local regulatory standards while effectively addressing the needs of Australian wholesale clients.

Related Topics:

Share This Post

Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

Related Posts

What is the Kraken 72 Hour Rule?

The cryptocurrency world is often filled with technical jargon,...

Why Can’t I Add My Card on Kraken?

Cryptocurrency exchanges have become an essential gateway for people...

Joe Lubin Unveils Sovs.xyz Platform for On-Chain Personal Sovereignty

Joe Lubin, co-founder of Ethereum and CEO of ConsenSys,...

Bitcoin ETFs Suffer $400M in Outflows as BlackRock’s IBIT Continues to Thrive

Bitcoin exchange-traded funds (ETFs) in the United States saw...

Cardano Drops 10% in Single-Day Loss, Marking Largest Decline Since July

Cardano experienced a significant downturn on Thursday, with its...

XRP Sees Major Surge, Up 10% on the Day as Market Cap Reaches $43.88B

XRP surged by 10.25%, marking its largest one-day percentage...