Kraken Announces Launch of Crypto Derivatives Platform in Australia

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Kraken has officially launched a licensed brokerage service in Australia aimed specifically at wholesale clients.

This new service caters to the needs of institutional and large-scale investors who are interested in advanced trading options in the cryptocurrency derivatives market.

As of Nov. 3, eligible clients can now trade derivatives tied to the price of cryptocurrencies through Kraken’s platform, without owning the digital assets directly. Interested parties can determine their eligibility and apply through the Kraken Pro app.

The new service offers a range of derivatives with multi-collateral support, accepting fiat, stablecoins, and various cryptocurrencies as collateral. It also provides risk management tools and trading strategies to increase security for users’ assets.

However, Kraken advises clients of the potential risks involved, as losses in some crypto derivatives can exceed initial investments significantly.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.