Kraken Launches Crypto Trading Services for Institutions in Australia

Kraken debuts brokerage service for Australian institutional investors
Critical to cryptocurrency acceptance and market growth is institutional investment
With this service expansion, institutions gain advanced trade, security, and compliance adherence

Special Report: Kraken, a cryptocurrency exchange platform, unveils a new brokerage service tailored for Australian institutional clients, offering derivatives products in the cryptocurrency realm.

“The evolution of Australia’s cryptocurrency market is promising, and its maturation benefits all participants,” said Jonathon Miller, who oversees Kraken operations for Australia ‘and rest of world’.

“Our wholesale clients in Australia are seeking sophisticated trading capabilities provided by a licensed broker with Kraken’s seal of security. Our derivative service fits their trading needs and supports their expansion within the cryptocurrency sector.”

Elevating the Cryptocurrency Arena

Market liquidity and trading volumes in crypto markets are largely influenced by institutional client activity. Such clients require access to robust trading infrastructure, assurance of high-security measures, and a recognized regulatory framework in their operating regions.

Kraken is strategically targeting institutional clients to stimulate broader cryptocurrency adoption. Miller notes how the 2024 narrative features institutional entry into crypto, especially through exchange-traded funds (ETFs):

“Cryptocurrency ETFs have significantly mainstreamed this asset class, gaining new adherents for the industry,” he states.

“Involvement from reputable figures in established finance and the resultant validation have assisted crypto ETFs to introduce the market to a novel investor demographic, thereby fostering ground-level advocacy for pragmatic crypto regulations.”

More than 200 tradable assets fall under the Kraken Derivatives brokerage service window for wholesale clientele. This comes with an assortment of collateral possibilities, including fiat currency, stablecoins, and digital assets, all safeguarded within a reliable custodial framework. The service includes Kraken’s acclaimed 24/7 client support to match the rigorous demands of institutional trading.

Miller revealed, “Our upcoming products will target the specific challenges that institutions face,” and emphasized, “But this is just the beginning. Our ambition is to continually innovate and offer solutions that ease the way for institutional involvement in cryptocurrency markets.”

Compliance and Anticipating the Future

With the burgeoning growth of both retail and institutional realms in cryptocurrency, a predictable regulatory climate is essential.

“In an advancing Australian crypto landscape, we cannot defer regulatory development,” Miller comments.

“Together with other market stakeholders, Kraken is proactive in collaborating with policymakers to shape a regulatory framework that is balanced and exact,” he adds.

“Regulation brings about the clarity necessary to invigorate local crypto industry growth, amplify investing, and enable companies to maintain innovation and competitiveness within the global market,” Miller concludes.

The creation of this article involved collaboration with Kraken, a Stockhead advertiser at the time of its writing, with Kraken’s managing director for Australia and rest-of-world Jonathon Miller authoring it.

This text is informational and should not be seen as financial advice. It is recommended to seek out independent advice prior to making financial decisions.