Is Kraken futures available in Australia?

Australian traders can access Kraken Futures with 5x leverage cap, ASIC compliance, and support for BTC, ETH, SOL, and XRP pairs—account verification under Kraken’s local entity required.

Jul 27, 2025 at 01:42 pm

Understanding Kraken Futures in the Australian Market

Kraken Futures is a platform offered by Kraken, a well-established cryptocurrency exchange, that allows users to trade perpetual futures contracts on various digital assets. For Australian traders, the availability of this service is a crucial question due to strict regulatory oversight by the Australian Securities and Investments Commission (ASIC). Kraken Futures is indeed available to Australian residents, but with important caveats tied to compliance and eligibility. Traders must ensure their accounts are verified under Kraken’s Australian entity, which operates under local regulatory frameworks.

How to Access Kraken Futures from Australia

To begin trading Kraken Futures in Australia, users must complete a specific onboarding process. This is not the same as signing up for the standard Kraken spot exchange.

• Create an account on [Kraken.com](https://www.kraken.com) and select Australia as your country during registration.
• Complete identity verification (KYC) using a government-issued ID such as a passport or driver’s license.
• Navigate to the Kraken Futures section via the trading dashboard.
• Agree to the Futures Terms of Service tailored for Australian users.
• Fund your futures wallet using supported stablecoins like USDC or crypto such as BTC and ETH.
  Failure to complete any of these steps will block access to futures trading, so meticulous attention to detail is required during setup.
  

  Regulatory Compliance for Australian Traders

  
  Kraken operates its futures services in Australia through a separate legal entity compliant with ASIC rules. This means that Australian users must trade under Kraken Financial Pty Ltd, not the global Kraken entity. The platform enforces leverage limits—typically capped at 5x for retail traders—which aligns with ASIC’s 2021 reforms aimed at reducing risk for inexperienced investors. Institutional traders may request higher leverage, but they must prove eligibility through a formal application process. All trading activity is subject to Australian tax laws, and Kraken provides downloadable transaction reports to assist with ATO compliance.
  

  Supported Cryptocurrencies and Trading Pairs

  
  Kraken Futures offers a curated selection of perpetual contracts for Australian users. These include:
• BTC/USD (Bitcoin vs. US Dollar)
• ETH/USD (Ethereum vs. US Dollar)
• SOL/USD (Solana vs. US Dollar)
• XRP/USD (Ripple vs. US Dollar)
  Each pair supports funding rate mechanisms and 24/7 trading, allowing users to open long or short positions. Traders should note that not all spot assets on Kraken are available as futures contracts—only those with sufficient liquidity and regulatory approval. The platform also provides real-time order books and depth charts specific to the Australian trading zone.
  

  Fees, Funding Rates, and Withdrawal Limits

  
  Australian users of Kraken Futures are subject to a transparent fee structure:
• Maker fees: 0.02% per trade
• Taker fees: 0.05% per trade
• Funding rates: Paid or received every 8 hours based on the interest rate differential between assets
  Withdrawals from the futures wallet to external wallets are restricted to certain hours (9 AM to 5 PM AEST, Monday to Friday) to comply with local anti-money laundering (AML) requirements. Daily withdrawal limits are set at 2 BTC or equivalent in stablecoins unless higher limits are approved through a manual review process. Users must also factor in network fees when transferring crypto off-platform.
  

  Troubleshooting Common Access Issues

  
  Some Australian users report being unable to see the Futures tab after account verification. This usually occurs when:
• The account was created under the wrong regional setting (e.g., selecting “United States” by mistake).
• KYC verification did not include proof of Australian residency (e.g., utility bill or bank statement).
• The user is attempting to access Kraken Futures via a mobile app that hasn’t been updated to reflect regional compliance changes.
  Contacting Kraken Support with a clear subject line such as “Futures Access Issue – Australian Resident” typically resolves the problem within 24–48 hours. Providing screenshots of your verification status and error messages speeds up resolution.
  

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  FAQs

  Q: Can I use my existing Kraken spot account for futures trading in Australia?
  
  A: No. You must apply for a separate Kraken Futures account under the Australian entity. Your spot account and futures account are distinct, even if they share the same email address.

  Q: Are there minimum deposit requirements for Kraken Futures in Australia?
  
  A: Yes. You must deposit at least $100 worth of USDC, BTC, or ETH into your futures wallet before placing your first trade. This is a hard requirement to prevent micro-position risks.

  Q: Does Kraken Futures in Australia support stop-loss and take-profit orders?
  
  A: Yes. You can set both stop-loss and take-profit orders directly in the futures trading interface. These are executed automatically when price conditions are met, helping manage risk without constant monitoring.

  Q: What happens if I exceed my leverage limit as an Australian retail trader?
  
  A: Kraken’s system will automatically reject any order that exceeds the 5x leverage cap. If you attempt to increase position size beyond this limit, the trade will not execute—you’ll receive an error message stating “Leverage exceeds retail cap.”