Kraken Launches Derivatives for Australian Wholesale Clients After Regulatory Setback

Quick Summary:

Kraken said it remains committed to maintaining a foothold in the Australian market while catering to institutional demand.

The service includes multi-collateral support—fiat, stablecoins, and crypto—held within what Kraken describes as “one of the most robust custodial solutions,” available for over 200 tradable assets.

Now, as the company attempts to shake off that legal hurdle, its next challenge lies in differentiating itself from rival exchanges offering similar products, including Swyftx and OKX.

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Article Details

Author / Journalist: Sebastian Sinclair

Category: Crypto

Markets: EstoniaAustralia

Topics: Crypto exchanges Exchanges Derivatives Markets Kraken

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 22:48:49 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 387 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 23386197

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 7 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 9 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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