In a strategic effort to expand its global presence, Kraken introduced a licensed broker service designed specifically for wholesale clients in Australia.<\/p>\n
According to Kraken\u2019s X (Twitter) feed<\/span><\/a>, this new service gives Australian clients the ability to access derivatives linked to crypto assets. Moreover, it allows for advanced investment strategies without the need to directly hold the underlying assets.<\/p>\n The Monday, 4 November 2024, <\/span>launch aligns with the US-based cryptocurrency exchange\u2019s latest commitment to expand its presence in regulated markets.<\/span><\/p>\n Hey Australia \u2013 big news! <\/p>\n We are now offering access to crypto-based derivatives for eligible wholesale clients via our Australian financial services licensed broker.<\/p>\n Read more here:https:\/\/t.co\/beFhgGaGGm<\/a> pic.twitter.com\/wl1jbfMVjE<\/a><\/p>\n \u2014 Kraken Exchange (@krakenfx) November 3, 2024<\/a><\/p>\n\n To be eligible for Kraken\u2019s derivatives products, the net asset for clients must be greater than AUD $2.5 million (USD $1.64 million). Moreover, the gross annual income should exceed AUD $250,000 (USD $164,000) for the last two financial years.<\/span><\/p>\n Kraken\u2019s licensed broker service offers clients a multi-collateral support, allowing fund trades using a variety of assets, including fiat, stablecoins, and other cryptocurrencies.<\/span><\/p>\n Additionally, Kraken has implemented advanced custodial solutions to protect assets, and meet the stringent security standards set by the Australian Securities and Investments Commission (ASIC).<\/span><\/strong><\/p>\n Kraken said that the <\/span>feature highlights their goal to provide sophisticated tools that align with institutional requirements for secure and adaptable trading options.<\/span><\/p>\n EXPLORE: <\/span>Kraken Acquires One Of Netherlands Oldest Crypto Brokers, Continues European Expansion<\/span><\/a><\/strong><\/p>\n The introduction of this licensed broker service meets a growing demand among institutional and accredited investors in Australia for regulated crypto-based financial products<\/span><\/p>\n In fact, Kraken had voiced their concern on the absence of a clear regulatory framework<\/a> in Australia, just a few weeks earlier.<\/p>\n The crypto exchange said that, \u201cAustralian crypto investors and businesses continue to operate in a confusing and uncertain regulatory environment.\u201d<\/p>\n Jonathon Miller, Kraken\u2019s General Manager for Australia and Rest of World, also stressed on the importance of regulatory compliance and security in Kraken\u2019s approach<\/span><\/p>\n \u201cAustralia has long been a cornerstone of our global operation. Our licensed broker offering is testament to our ongoing commitment to regulatory compliance\u201d, Miller stated<\/span><\/p>\n As outlined in their official blog post<\/a>, the Crypto derivatives offer clients the ability to engage in advanced trading strategies and manage price volatility risks, without the need for holding the underlying assets.<\/span><\/p>\n EXPLORE: <\/span>UK Financial Regulator Shares Updates On Compliance Of Crypto Companies<\/span><\/a><\/strong><\/p>\n The launch of the licensed broker service is part of Kraken\u2019s broader initiative to expand compliant access to crypto trading across the Asia-Pacific region. <\/span><\/p>\n Kraken had previously introduced <\/span>custodial solutions<\/span><\/a> for institutional clients in Australia, reinforcing its commitment to secure, regulated digital asset services. <\/span><\/p>\n The introduction of crypto derivatives trading in a structured and compliant setting further positions Kraken as a leader in meeting the needs of sophisticated investors. <\/span><\/p>\n K<\/span>raken currently has over 13 million clients worldwide. EXPLORE: <\/span>Kraken Expands European Operations With New German Partnership As SEC Troubles Worsen<\/span><\/a><\/strong><\/p>\n The post Licensed And Ready: Kraken Launches Broker Service For Australia\u2019s Wholesale Crypto Clients<\/a> appeared first on <\/a>.<\/p>","protected":false},"excerpt":{"rendered":" In a strategic effort to expand its global presence, Kraken introduced a licensed broker service designed specifically for wholesale clients in Australia. According to Kraken\u2019s X (Twitter) feed, this new service gives Australian clients the ability to access derivatives linked to crypto assets. Moreover, it allows for advanced investment strategies without the need to directly […]<\/p>\n","protected":false},"author":0,"featured_media":17753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/17752"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17752"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/17752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/17753"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Advanced Custodial Solutions Meets Stringent Security Standards<\/strong><\/h2>\n
Kraken Insists On Compliant Crypto Derivatives In Australia<\/h2>\n
Company Continues To Expand In APAC<\/h2>\n
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