PANews reported on November 4 that according to Cointelegraph, the crypto exchange Kraken has launched a licensed brokerage service in Australia for wholesale clients, aiming to meet the needs of institutions and large investors. The new service provides Australian customers with crypto-based derivatives trading, a financial product linked to the price of cryptocurrencies without directly owning digital assets. Since November 3, eligible customers have been able to trade crypto-based derivatives through the Kraken platform. Interested customers can apply or check whether they are eligible for the service through the Kraken Pro application.