Kraken, a centralized cryptocurrency exchange, has launched a new brokerage service in Australia, designed to provide crypto-based derivatives trading for wholesale clients. This service caters to institutional and large-scale investors, enabling them to gain exposure to cryptocurrency price fluctuations without needing to hold the actual digital assets.
Key Features of Kraken’s New Service:
- Crypto Derivatives Access
The licensed brokerage allows Australian clients to engage in derivatives trading tied to cryptocurrency prices, a financial product that eliminates the need for direct asset ownership. - Multi-Collateral Support
Clients can utilize fiat currencies, stablecoins, or cryptocurrencies as collateral, increasing flexibility and risk management options.
Kraken’s General Manager for Australia, Jonathon Miller, highlighted the firm’s focus on regulatory compliance and its commitment to supporting Australia’s evolving crypto market. The new offering aims to deliver a secure trading experience backed by Kraken’s established standards, focusing on institutional-grade service for Australia’s wholesale investors.
