Coinbase Launches Licensed SMSF Crypto Access in Australia

Overview

• Coinbase Australia, which launched SMSF support Tuesday, did so after securing an Australian Financial Services License.
• The new service gives self-managed super fund trustees a verification flow built for local fund structures and downloadable records formatted for Australian accounting.
• The move targets a large pool of long-term capital, with about 664,000 SMSFs holding roughly AU$1.06 trillion in assets at the end of 2025.
• Coinbase now competes directly with OKX, which introduced a regulated SMSF product in September 2025 with compliance, custody, dashboards, and reporting features.
• Draft Australian rules would require many crypto platforms and custodians to hold local financial services licenses, which could steer trustees toward providers operating under AFSL oversight.