Eligibility for Derivatives Trading on Kraken in Australia

Kraken has launched a market-leading derivatives product suite that is only available to Australian wholesale clients. Eligible clients in Australia, who wish to gain exposure to crypto-based Futures, will need to do the following:

1.
Ensure you have a verified Kraken account.
2.
Meet one of the criteria set out in the Wholesale Qualification Criteria section below.
3.
Complete our Wholesale Qualification form

Wholesale Qualification Criteria

Clients in Australia who wish to gain exposure to crypto-based futures will need to go through our wholesale qualification process before they can access our product. You can apply to classify as a wholesale client via one of the three tests detailed below:

•
Individual Wealth Test.
•
Professional Investor Test.
•
Large Business Test.

Wholesale Client Category 1: Individual Wealth Test

Wholesale Client Category 2: Professional Investor Test:

As a Professional Investor Test, you must meet at least one of the following criteria:

1.
You hold an Australian financial services licence.
2.
Listed entities and any related body corporate of a listed entity.
3.
A body regulated by APRA, other than a trustee of any of the following (within the meaning of the Superannuation Industry (Supervision) Act 1993): a superannuation fund, an approved deposit fund, a pooled superannuation trust, or a public sector superannuation scheme.
4.
A person or body that is a registered entity within the meaning of the Financial Sector (Collection of Data) Act 2001.
5.
The trustee of any of the following (within the meaning of the Superannuation Industry (Supervision) Act 1993 and the fund, trust or scheme has net assets of at least 10 million AUD): a superannuation fund (excluding SMSF), an approved deposit fund, a pooled superannuation trust, or a public sector superannuation scheme.
6.
A person or entity that has or “controls” gross assets of at least 10 million AUD, including any amount held by an associate or under a trust that the person manages.
7.
A body corporate that carries on a business of investment in financial products, interests in land or other investments; and for those purposes, invests funds received (directly or indirectly) following an offer or invitation to the public, the terms of which provided for the funds subscribed to be invested for those purposes.
8.
A foreign entity that, if established or incorporated in Australia, would be covered by one of the above categories.

For tests relating to entities or corporate bodies, the above categories do not extend to directors, officers, senior managers, or authorised representatives of the body and refers to the actual entity or body only.

Supporting Documents Required:

Please provide a copy of a professional investor certificate with evidence of at least one of the listed criteria selected.

Example Certificate here

If applying as a Related Body Corporate of a listed entity, please provide a chart that outlines the organizational structure, signed by a director with their director’s identification number.

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Wholesale Qualification Criteria

Wholesale Client Category 1: Individual Wealth Test

Supporting Documents Required:

Wholesale Client Category 2: Professional Investor Test:

Supporting Documents Required:

Wholesale Client Category 3: Large Business Test

Supporting Documents Required:

How do I apply?