Coinbase Australia launches crypto support for self-directed retirement funds

Coinbase Australia has introduced support for self-directed retirement investing, enabling trustees of Self-Managed Super Funds (SMSFs) to diversify their portfolios with cryptocurrencies. The offering includes downloadable data compliant with local accounting standards and a simplified entity verification process designed for Australian fund structures. Coinbase sees SMSFs as a significant growth area in Australia due to increasing regulatory clarity and institutional adoption of digital assets. This move follows Coinbase obtaining an Australian Financial Services License last month. Other exchanges like OKX have also launched similar SMSF support in Australia. In contrast, the U.S. has seen executive actions permitting 401(k) plans to include crypto and state-level legislation allowing crypto allocations in retirement plans.

(Source：The Block)