We are excited to announce our new Authorized Broker offering which will offer eligible Australian wholesale clients a wide range of exciting crypto-based derivatives products.
From today, we will allow wholesale clients to acquire crypto derivatives through our Australian licensed financial services broker. Our new crypto derivatives broker offering provides both flexibility and depth to allow wholesale clients to manage risk and gain exposure to crypto price movements without owning the underlying assets.
“During our 13-year history, we have always aspired to be one step ahead of market demand. Australian wholesale clients are looking for the ability to execute advanced trading strategies using a licensed broker backed by Kraken’s high security standards,” said Jonathon Miller, Kraken Managing Director for Australia and Rest of the World. “Our new premium product meets our clients’ trading needs and helps them progress on their crypto journey.”
With over 200 tradable assets, we offer multi-collateral support (including fiat, stablecoin and crypto) that will be held in one of the most robust crypto custody solutions available. Customer support services are available 24 hours a day, 7 days a week, 365 days a year.
Miller added: “Australia has long been the cornerstone of our global operations. Our Licensed Broker offering demonstrates our continued commitment to regulatory compliance and bringing to market exciting crypto products that can truly unlock institutional demand for cryptoassets.
Today’s announcement is the latest step in our expansion strategy in Australia. In July, we expanded our Kraken Custody services to Australian institutional clients, allowing them to store their assets seamlessly and securely through integration with the rest of our product suite.
Prospective Australian wholesale clients can explore this new offering via our Kraken Derivatives Trading Eligibility in Australia support page. Existing Australian wholesale customers can confirm their eligibility directly from the Kraken Pro app.
Note that trading crypto derivatives involves the risk of losing much more than your initial investment, and you do not own or have any rights to the underlying crypto assets.
The information contained in this blog post and any attachments (the “Communication”) is provided by Bit Trade Pty Ltd (ACN 163 237 634), which is an authorized representative (AR No. 001312156) of Beaufort Fiduciaries Pty Ltd ( ACN 162 139 871) (AFSL n° 545124) (BFPL). BFPL only has wholesale authorizations.
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