As institutional crypto demand grows in Australia, Kraken has launched a new suite of crypto-based derivatives for wholesale investors.
Kraken offered crypto-based futures for wholesale customers via its Australian financial services regulated broker on Nov. 3. Australian institutions may now borrow over 200 assets.
Trading methods and risk management technologies boost asset security.
Jonathon Miller, Kraken's General Manager for Australia and the Rest of the World, says Australian wholesale investors want “advanced trading strategies.”
He claims the new “premium product” would help investors “advance in their crypto journey.” Kraken highlights this as the exchange expands in Australia, including the introduction of Kraken Custody Services for institutional customers.
Spot Bitcoin (BTC) and Ethereum (ETH) ETFs have been steadily debuting in Australia until 2024 with limited success.
IBTC, Monochrome's new Bitcoin ETF, has $18 million AUD, or $12 million in AUM. That's up a few million from two weeks ago.
Since debuting in June 2024, VanEck's ASX-listed VBTC has amassed $46 million AUD, or $30 million, in AUM.
Since Oct. 14, 2024, Monochrome's IETH, Australia's first ETH ETF, has earned $554,000 AUD, or $365,000.
