We’re thrilled to announce our new licensed dealer providing that can service eligible Australian wholesale purchasers with a broad suite of thrilling crypto-based derivatives merchandise.
Beginning at this time, we’ll allow wholesale purchasers to amass crypto-based derivatives by way of our Australian monetary providers licensed dealer. Our new crypto derivatives dealer providing supplies each flexibility and depth to empower wholesale purchasers to handle danger and achieve publicity to crypto worth actions with out holding the underlying property.
“Over our 13 yr historical past, now we have all the time aspired to be one step forward of market demand. Australian wholesale purchasers are searching for the power to execute superior buying and selling methods utilizing a licensed dealer backed by Kraken’s excessive safety requirements,” stated Jonathon Miller, Kraken GM for Australia and Remainder of World. “Our new premium product meets our purchasers’ buying and selling wants and helps them to advance of their crypto journey.”
With over 200 tradable property, we’re providing multi-collateral assist (together with fiat, stablecoin and crypto) to be held in one of the crucial strong crypto custodial options accessible. Consumer assist providers can be found 24/7/365.
Miller added, “Australia has lengthy been a cornerstone of our international operation. Our licensed dealer providing is testomony to our ongoing dedication to regulatory compliance and to bringing thrilling crypto merchandise to market that may actually unlock institutional demand for cryptoassets.”
As we speak’s announcement is the newest milestone in our Australian enlargement technique. In July, we expanded our Kraken Custody providers to Australian institutional purchasers, enabling them to seamlessly, securely retailer their property by way of integration with the remainder of our product suite.
Potential Australian wholesale purchasers can discover this new providing by way of our Eligibility for Derivatives Buying and selling on Kraken in Australia assist web page. Present Australian wholesale purchasers can verify their eligibility straight from the Kraken Professional app.
Be aware that buying and selling in crypto-based derivatives entails the danger of dropping considerably greater than your preliminary funding, and you don’t personal or have any rights to underlying crypto property.
The knowledge on this weblog submit and any attachments to it (the “Communication”) are offered 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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