Kraken Launches Crypto Derivatives for Eligible Wholesale Clients in Australia on November 3, 2024, Allowing Trade Without Holding Assets

Nov 4, 2024, 08:00 AM

U.S.-based cryptocurrency exchange Kraken has launched a new suite of crypto derivatives products for eligible wholesale clients in Australia. This initiative comes after a recent regulatory setback in the country, as Kraken aims to align its offerings with local legal standards. The new licensed brokerage allows wholesale investors to trade crypto derivatives without the need to hold the underlying assets, providing greater flexibility in collateral options, including fiat and stablecoins. The launch, effective from November 3, 2024, marks a significant expansion of Kraken's services in the Australian market.