Australia / Firms / Kraken

Kraken

Kraken: AUSTRAC's virtual asset service provider register lists BIT TRADE PTY LIMITED (searched 21 Oct 2026). ASIC has taken court action (1 ASIC release).

Status

On AUSTRAC VASP register · checked 21 Oct 2026
AUSTRAC VASP register (AML/CTF registration, not a licence) searched by name, and ASIC media releases.

AUSTRAC VASP register

Entries matching “kraken” (searched 21 Oct 2026): BIT TRADE PTY LIMITED; trading names: KRAKEN DIGITAL ASSET EXCHANGE, KRAKEN EXCHANGE, PAYWARD AUSTRALIA (ABN 42163237634, ACN 163237634); no conditions shown. AUSTRAC VASP register official

ASIC court action

12 Dec 2024 (24-274MR): Federal Court penalty of $8 million: Bit Trade, which operated the Kraken exchange, offered a ‘margin extension’ product to more than 1,100 customers without a target market determination. Company named by ASIC: Bit Trade Pty Ltd. ASIC 24-274MR official

Register name

Name listed as trading name · major brand (How the name appears on the AUSTRAC register)

Public statement

Not applicable.

History

• 12 Dec 2024Federal Court penalty of $8 million: Bit Trade, which operated the Kraken exchange, offered a ‘margin extension’ product to more than 1,100 customers without a target market determination. — asic.gov.au official

Read More

• 14 of 17 Big Crypto Exchanges Are on AUSTRAC's Register. Who Is Missing
• Kraken, Binance, Block Earner: ASIC's Crypto Cases and $32 Million in Penalties

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