Kraken Expands into Australia with Licensed Brokerage Services

Oliver Hayden November 5, 2024 1:11 pm Tags

Kraken, a leading global cryptocurrency exchange, has launched licensed brokerage services in Australia, targeting the country's wholesale crypto market. Known for high crypto adoption and well-developed regulatory frameworks, Australia presents a significant opportunity for Kraken to expand its offerings and enhance its reach in the region.

 

By entering the brokerage space, Kraken aims to provide Australian wholesale clients with access to advanced trading tools and strategies, underpinned by the exchange’s strong security measures. “We’re thrilled to announce our new licensed broker offering that will service eligible Australian wholesale clients with a broad suite of exciting crypto-based derivatives products,” Kraken said in a statement.

 

Kraken’s new brokerage offerings

 

This new licensed service, launched through an Australian partner broker with a financial services license, enables Kraken to provide a tailored suite of crypto products and services—setting it apart from traditional exchange operations. This strategic move reflects Kraken’s commitment to expanding its presence in key international markets while ensuring strict compliance with local regulations. Regulatory adherence remains a focal point as global governments work to bring clarity to the rapidly evolving digital asset industry.

 

Kraken’s brokerage services will also offer robust educational resources to guide new market entrants and support informed investing. This approach aligns with Kraken's commitment to best-in-class security and user experience practices.

 

Currently, Kraken offers over 200 trading assets and provides multi-faceted support for fiat, stablecoins, and cryptocurrency storage, all backed by one of the most secure custodial solutions available. Its Australian brokerage platform promises competitive pricing, deep liquidity, and an intuitive interface designed for wholesale investors. With 24/7 customer support, Kraken aims to deliver a seamless user experience for its clients.

 

Jonathon Miller, Kraken’s General Manager for Australia, emphasized the significance of regulatory compliance in Kraken’s global strategy.

 

“Over our 13-year history, we have always aspired to be one step ahead of market demand. Our new premium product meets our clients’ trading needs and helps them to advance in their crypto journey,” Miller stated.

 

With this launch, Kraken strengthens its profile in Australia and continues to build its global footprint through compliance, security, and innovation in crypto services.

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