Share this article
Kraken Launches Crypto Exchange Service in Australia
One of the top U.S. exchanges, Kraken is extending its operations Down Under for crypto trading in AUD.
Updated Apr 10, 2024, 2:54 a.m. Published Jun 17, 2020, 8:19 a.m.
Kraken, one of the world's largest exchanges by trade volume, is extending its services Down Under.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The California-headquartered firm announced on Wednesday it would be opening operations in Sydney, Australia, with local clients able to fund their accounts in Australian dollars (AUD). The exchange said it would offer instant funding to those users who make deposits via Okso and PayID-enabled Australian bank accounts.
The new addition marks the seventh national currency in Kraken's fiat on-ramps, joining the U.S. dollar (USD), Canadian dollar (CAD), Swiss franc (CHF), the euro (EUR), British pound (GBP) and Japanese yen (JPY).
See also: ASX Accused of Trying to ‘Crush’ Rival Blockchain Trading System
“We’re thrilled to be launching Kraken Australia today at a time when Australian investors increasingly turn toward cryptocurrencies to diversify their portfolios,” said Jonathon Miller, managing director of Kraken Australia.
Users of Kraken Australia will be able to execute trades in AUD against popular cryptocurrencies including bitcoin ether , , , bitcoin cash (BCH) and the tether stablecoin. General users based outside the U.S. will also be able to trade AUD against USD, EUR and JPY.
Co-founded by Jesse Powell in 2011, Kraken established itself as one of the first major exchanges in the U.S. and currently offers the ability to trade in retail, spot, derivatives over-the-counter (OTC), margin and indices markets.
See also: Coca-Cola Distributor Offers Bitcoin Payment Options for Aussie Vending Machines
According to Miller, retail investment in crypto has been on the rise with a record number of signups at Kraken since March. This has led the company to ramp up its employee base with 200 new workers to meet client demand.
Kraken acquired one of Australia's longest-running cryptocurrency exchanges, Bit Trade, in January 2020. Its CEO, Miller, was appointed to lead Kraken's operations in the nation at the time.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Lighter trading platform sees $250 million withdrawn 24 hours after airdrop
Bubblemaps CEO says outflows seen on Lighter on Dec. 31 are not uncommon as users rebalance hedging positions and move on to the next farming opportunity.
What to know:
- Approximately $250 million was withdrawn from Lighter after its $675 million LIT token airdrop.
- The withdrawals represent about 20% of Lighter's total value locked, according to Bubblemaps CEO Nicolas Vaiman.
- Large withdrawals post-token generation events are common as early participants exit, says CertiK's Natalie Newson.
Top Stories
