Crypto exchange Kraken has recently introduced in Australia an authorized brokerage service specifically for wholesale customers.
This service meets the needs of institutional and large-scale investors who are interested in trading cryptocurrency-based derivatives.
Eligible clients can access this service from November 3 through Kraken's platform. Interested customers can apply or check their eligibility for the service through the Kraken Pro app.
This move by Kraken demonstrates its efforts to comply with regulatory standards and prepare for potential institutional investments.
Jonathon Miller, Kraken GM for Australia and Rest of World, said:
"Over our 13 year history, we have always aspired to be one step ahead of market demand. Australian wholesale clients are looking for the ability to execute advanced trading strategies using a licensed broker backed by Kraken’s high security standards."