Kraken Expands in Australia with Licensed Broker Service for Crypto Derivatives

Kraken has launched a licensed brokerage service tailored for Australian wholesale clients, granting them access to various crypto-based derivatives.

This offering enables eligible clients to manage risk and capitalize on cryptocurrency price movements without directly holding the assets. It features Kraken’s robust security measures and supports multiple collateral types, including fiat, stablecoins, and cryptocurrencies.

Jonathon Miller, Kraken’s General Manager for Australia, highlighted the company’s dedication to regulatory compliance and addressing the changing demands of the Australian market.

Clever Robot News Desk 5^th November 2024