Coinbase and OKX, two leading centralized cryptocurrency exchanges, are launching services aimed at self-managed superannuation funds (SMSFs) in Australia, which will facilitate the inclusion of cryptocurrencies into retirement savings. Historically, Australians could hold digital assets in SMSFs, but these exchanges are now simplifying that process by offering integrated services that include referrals to accountants and law firms, as well as custody and record-keeping to comply with audits. SMSFs represent about 25% of Australia's retirement funds, holding approximately A$1.7 billion in digital assets, a figure that has increased sevenfold since 2021. Coinbase reported that over 500 investors are on their waiting list, with each intending to invest up to A$100,000. This development comes as countries, including the United States, reconsider how retirement funds interact with digital assets, following moves by Fidelity Investments to offer Bitcoin in 401(k) plans, and recent executive orders aimed at expanding access to alternative assets.

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