U.S.-based crypto exchange Kraken has launched a new suite of crypto derivatives products for Australian wholesale clients, aimed at aligning with regulatory standards following a recent legal challenge in the country.

Kraken’s licensed broker offering will allow institutional clients to gain exposure to crypto price movements through derivatives without directly holding the underlying assets, the company said Sunday. 

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.

Kraken said it remains committed to maintaining a foothold in the Australian market while catering to institutional demand amid an evolving regulatory landscape.

Its launch comes months after Kraken’s domestic operator, Bit Trade Pty Ltd, lost a court case with Australia’s financial regulator, the Australian Securities and Investments Commission. 

In August, Australia’s Federal Court ruled that Bit Trade failed to meet the required standards for its margin trading product by not providing a target market determination, a

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Author: Sebastian Sinclair