Kraken Launches Licensed Broker Offering for Australian Wholesale Clients, Expanding Access to Crypto-Based Derivatives

Kraken has announced the launch of a licensed broker offering specifically designed for Australian wholesale clients, providing access to a range of crypto-based derivatives products. This new service allows eligible clients to manage risk and gain exposure to cryptocurrency price movements without the need to hold the underlying assets. The offering is backed by Kraken’s established security standards and includes multi-collateral support, allowing clients to use fiat, stablecoins, and cryptocurrencies. Kraken’s General Manager for Australia, Jonathon Miller, emphasized the company’s commitment to regulatory compliance and the importance of meeting the evolving needs of the Australian market.