Coinbase and OKX Introduce Crypto Services for Australian Retirement Funds
Coinbase and OKX are launching services for self-managed superannuation funds (SMSFs) in Australia, enabling individuals to incorporate cryptocurrency into their retirement savings. SMSFs have been allowed to hold digital assets for years, but these exchanges are now offering dedicated products to streamline the process. They provide integrated custody, record-keeping, and referrals to professionals, which reduces the management burden for investors. As of March 2025, SMSFs held approximately A$1.7 billion (US$1.1 billion) in digital assets—up sevenfold since 2021. Coinbase reported over 500 investors on the waiting list, with many planning to contribute up to A$100,000. OKX's similar offering launched in June and has seen strong demand. This move facilitates mainstream investment in a retirement system notable for its size on a per-capita basis. The initiative occurs alongside debates in other countries, such as the US, regarding the integration of digital assets into retirement plans, where a recent executive order has prompted discussions on alternative assets in retirement accounts.
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