Coinbase Australia launches crypto service for retirement funds

Coinbase Australia has officially launched a dedicated cryptocurrency service for Self-Managed Superannuation Funds (SMSF). The new offering, which follows the company's acquisition of an Australian Financial Services Licence (AFSL), allows SMSF trustees to add cryptocurrencies to their retirement portfolios. According to data from the Australian Taxation Office (ATO), there are currently over 1.2 million SMSF members with more than $757.3 billion in assets under management.