Kraken launches licensed dealer providing for Australian wholesale shoppers

We’re thrilled to announce our new licensed dealer providing that may service eligible Australian wholesale shoppers with a broad suite of thrilling crypto-based derivatives merchandise. 

Beginning immediately, we’ll allow wholesale shoppers to accumulate crypto-based derivatives by way of our Australian monetary companies licensed dealer. Our new crypto derivatives dealer providing gives each flexibility and depth to empower wholesale shoppers to handle danger and acquire publicity to crypto worth actions with out holding the underlying property. 

“Over our 13 yr historical past, we have now all the time aspired to be one step forward of market demand. Australian wholesale shoppers are in search of the power to execute superior buying and selling methods utilizing a licensed dealer backed by Kraken’s excessive safety requirements,” mentioned Jonathon Miller, Kraken GM for Australia and Remainder of World. “Our new premium product meets our shoppers’ buying and selling wants and helps them to advance of their crypto journey.”

With over 200 tradable property, we’re providing multi-collateral help (together with fiat, stablecoin and crypto) to be held in one of the sturdy crypto custodial options obtainable. Shopper help companies can be found 24/7/365.

Miller added, “Australia has lengthy been a cornerstone of our world operation. Our licensed dealer providing is testomony to our ongoing dedication to regulatory compliance and to bringing thrilling crypto merchandise to market that may really unlock institutional demand for cryptoassets.”

Right now’s announcement is the newest milestone in our Australian growth technique. In July, we expanded our Kraken Custody companies to Australian institutional shoppers, enabling them to seamlessly, securely retailer their property by way of integration with the remainder of our product suite.  

Potential Australian wholesale shoppers can discover this new providing by way of our Eligibility for Derivatives Trading on Kraken in Australia help web page. Present Australian wholesale shoppers can verify their eligibility instantly from the Kraken Pro app.

Observe that buying and selling in crypto-based derivatives entails the chance of shedding considerably greater than your preliminary funding, and you don’t personal or have any rights to underlying crypto property. 

The data on this weblog put up and any attachments to it (the “Communication”) are supplied by Bit Commerce Pty Ltd (ACN 163 237 634), which is an Authorised Consultant (AR No. 001312156) of Beaufort Fiduciaries Pty Ltd (ACN 162 139 871) (AFSL No. 545124) (BFPL). BFPL has wholesale authorisations solely. 

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