Kraken introduces a licensed brokerage service in Australia, offering wholesale clients access to crypto derivatives for secure, regulation-compliant trading.
Author: Tanishq Bodh
Written On: Mon, 04 Nov 2024 15:41:26 GMT
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:
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.
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