Kraken launches new crypto derivatives service for Australian institutions

ChainCatcher news, the exchange Kraken has launched a new set of crypto derivatives products designed for institutional clients in Australia, aimed at complying with the regulatory standards following the country's recent legal challenges.

Kraken stated that this licensed brokerage service will allow institutional clients to gain exposure to cryptocurrency price fluctuations through derivatives without directly holding the underlying assets.

The service offers multi-collateral support, including fiat currencies, stablecoins, and cryptocurrencies, covering over 200 tradable assets.