- The crypto derivatives product targets institutional investors.
- Kraken’s financial services broker licensed in Australia will offer the new service.
Cryptocurrency exchange, Kraken, has launched crypto-based derivatives trading for its Australian clients. The new licensed service targets institutional and large-scale Australian investors.
The company says investors will access the new service via its Australian financial services licensed broker. The November 3 announcement further stated:
“With over 200 tradable assets, we are offering multi-collateral support (including fiat, stablecoin, and crypto) to be held in one of the most robust crypto custodial solutions available. Client support services are available 24/7/365.”
Kraken advised investors to check eligibility for trading the crypto derivative product via the Kraken Pro app. Prospective wholesale clients can explore the derivative product through the Eligibility for Derivatives Trading on the Kraken in Australia support page.
See Related: Kraken Exchange Opens Waitlist For An Upcoming NFT Platform
Crypto Derivative Underlines Kraken’s Commitment To Compliance
The company notes that offering the crypto-based derivative via a licensed broker is a step toward aligning with regulatory mandates. Kraken’s GM for Australia and the Rest of the World, Jonathon Miller, says the “new premium product” meets investors’ needs for advanced trading strategies via a licensed broker backed by high-security standards.
Miller also stressed Australia’s importance as a cornerstone of its global operation and reiterated the need for regulatory compliance to unlock institutional investors’ demand for digital assets.
