Coinbase Launches ‘Everything Exchange’ in Australia

Coinbase Secures AFSL for Expanded Offerings in Australia

• Coinbase Australia has obtained an Australian Financial Services Licence (AFSL) with retail derivatives authorization from the Australian Securities and Investments Commission (ASIC).
• The AFSL allows Coinbase to provide regulated financial services, including financial advice and trading of financial products.
• This milestone marks Coinbase as the first crypto exchange to receive such a license in Australia.
• The approval highlights Coinbase’s commitment to consumer protection and regulatory compliance, according to John O’Loghlen, Regional Managing Director APAC & Country Director Australia.
• With the license, Coinbase plans to expand its “Everything Exchange” offering, including access to crypto and equity perpetuals.
• Crypto ownership in Australia has reached 33% of adults, with younger Australians leading adoption despite banking challenges.

Coinbase’s acquisition of an AFSL enables it to enhance its service offerings in Australia, reflecting its dedication to regulatory standards and consumer protection. Crypto adoption continues to grow in the country, with significant engagement among younger demographics.