Kraken Launches a Crypto Derivatives Platform in Australia
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Kraken has recently announced its launch of a new set of crypto-based derivatives for institutional investors in Australia, as the demand for crypto among institutions in the country grows.
In a post on November 3, Kraken stated that its Australian licensed broker will now offer wholesale clients access to over 200 assets without the need to hold them directly.
The exchange also mentioned that its derivatives offering includes support for multiple forms of collateral, such as fiat, stablecoins, and cryptocurrencies, secured through a highly secure custodial solution.
This new product also offers trading strategies and risk management tools to provide enhanced asset security for investors.
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