- Kraken launches a new licensed broker offering for Australian wholesale clients, providing access to a diverse range of crypto-based derivatives.
- The exchange’s Bermuda-based derivatives exchange is now live, positioning the platform to cater to clients seeking a regulated trading venue.
- The platform offers multi-collateral support, robust security measures, and 24/7/365 client support to ensure a seamless trading experience.
Kraken, a prominent crypto asset platform, announced the launch of a new licensed broker offering for eligible Australian wholesale clients. This new service will provide accessibility to a wide range of crypto-based derivatives products, empowering clients to mitigate risk and capitalize on market opportunities. With over 200 tradable assets, it provides 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.
“We’re excited to extend our services to Australian wholesale clients with this new licensed broker offering,” said Jonathon Miller, Kraken GM for Australia and the Rest of the World. “This is a significant step forward in our commitment to providing innovative and secure trading solutions to our clients.”
As per the blog, the new offering will allow clients to trade a diverse range of crypto-based derivatives, including futures and options, with multi-collateral support for fiat, stablecoins, and cryptocurrencies. The platform will leverage Kraken’s industry-leading security standards and 24/7/365 client support.
“Australia has been a key market for us, and this expansion is a testament to our ongoing commitment to the region,” Miller added. “By offering a regulated and secure platform, we aim to unlock the potential of crypto assets for institutional investors in Australia.”
Kraken Launch Bermuda-Based Derivatives Exchange
The launch follows after the exchange launched its derivatives trading platform in Bermuda after securing a license from the Bermuda Monetary Authority (BMA). As reported by CryptoWeekly, the development positions Kraken in a solid position to cater to clients requiring a regulated venue in a highly regarded international jurisdiction. With the evolving cryptocurrency landscape, Kraken is well-placed to take advantage of the growing demand for derivative trading, which makes up a sizeable portion of the total crypto trading volume.
Established in 2011, the exchange has built itself as one of the most trusted and secure crypto platforms globally. It supports over 200 digital assets and six fiat currencies, including USD, EUR, and AUD. The exchange’s reputation for reliability is further underscored by its commitment to transparency; it was the first crypto platform to implement a Proof of Reserves system.
