Kraken Launches Regulated Crypto Brokerage for Australian Institutional Investors

Kraken has launched a regulated brokerage service for Australia, targeting institutional and high-net-worth clients with a focus on crypto derivatives.

This new offering enables Australian wholesale clients to trade derivatives based on cryptocurrency prices, allowing for price exposure without the need for direct asset ownership. Since November 3, eligible clients have been able to access this feature through the Kraken Pro app, where they can also apply or verify their eligibility.

Kraken’s expansion in Australia underscores its commitment to aligning with local regulations and attracting institutional investors. The service provides advanced trading options with multi-collateral support, accommodating fiat, stablecoins, and other cryptocurrencies.

Additionally, Kraken offers risk management tools tailored to protect assets, though it cautions that derivative trading may carry risks of loss that exceed initial investments.

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Kraken Australia’s General Manager, Jonathan Miller, emphasized the significance of this launch, calling Australia a “cornerstone” of Kraken’s global operations. He noted that the new service fulfills the demand for sophisticated trading options and reflects Kraken’s regulatory commitment.

Separately, Kraken is preparing to debut its blockchain, “Ink,” in early 2025. This platform aims to simplify DeFi for users, facilitating direct trading, borrowing, and lending without intermediaries, a move that aligns with Kraken’s broader shift toward Web3 and decentralized finance (DeFi).

Kostadin Dimitrov