Kraken launches licensed brokerage services in Australia
Kraken offers its customers over 200 trading assets
Kraken, one of the world’s leading cryptocurrency exchanges, has announced the launch of licensed brokerage services for Australian wholesale clients. This move marks a significant expansion for the company in a region known for its robust crypto adoption and regulatory frameworks.
By entering the brokerage space, the crypto exchange aims to provide Australian customers with enhanced access to advanced trading strategies through a licensed broker backed by Kraken's high security standards.
"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 reported.
Kraken brokerage offer
The newly licensed services, made possible through an Australian partner broker with a financial services license, will allow Kraken to offer a suite of tailored crypto products and services, distinguishing itself from traditional exchange operations. This strategic expansion underscores Kraken's commitment to deepening its presence in key international markets while adhering to local regulations, which have become increasingly stringent as governments work to provide clarity in the rapidly evolving digital asset space.
The company has emphasized that its brokerage services will provide enhanced educational resources, which will help guide new entrants through the complexities of crypto investing while maintaining industry-best practices for security and user experience.
Kraken offers its customers over 200 trading assets, multi-sided support (including fiat, stablecoins and cryptocurrency) to store in one of the most secure cryptocurrency storage solutions available. Customer support services are available 24/7/365.
Kraken's brokerage platform in Australia is designed to serve a wide range of wholesale investors, offering competitive pricing, deep liquidity and an easy-to-navigate interface.
Jonathon Miller, Kraken GM for Australia, commented on the expansion, stating that the company’s commitment to meeting regional regulatory requirements underscores its goal of offering secure and compliant crypto services worldwide."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".
This move not only boosts Kraken’s profile in Australia but also reinforces its strategy to expand its global footprint through compliance and innovation.
Before that Kraken has launched Kraken Desktop, a new trading application designed for Windows, Mac, and Linux users.The platform promises high-speed performance and extensive customization options, aiming to enhance the experience for both novice and advanced crypto traders.
