Michaela
Coinbase and OKX, two of the world’s leading cryptocurrency exchanges, have announced services for Australia’s self-managed superannuation funds (SMSFs), offering investors new ways to include digital assets in their retirement savings.
Key points:
- Coinbase and OKX have launched dedicated services for Australia’s SMSFs, making it easier for investors to include digital assets in retirement savings.
- The exchanges offer integrated custody, record-keeping, and professional referrals, simplifying compliance and management for investors.
- Over 500 investors have joined Coinbase’s waiting list, while OKX reports demand has exceeded expectations, highlighting growing interest in crypto within Australia’s retirement system.
Per a Bloomberg report, Coinbase and OKX are formalizing Australians’ long-standing ability to hold digital assets in SMSFs by offering dedicated, streamlined products that simplify access and management.
The exchanges are providing integrated custody and record-keeping services, along with referrals to accountants and law firms, so investors do not have to set up structures or manage compliance on their own.
According to Bloomberg, over 500 investors have registered for Coinbase’s SMSF service, with most intending to invest up to A$100,000 in digital assets. OKX, which introduced a comparable offering in June, reported that interest has significantly exceeded initial projections.
The initiative represents one of the first coordinated efforts by cryptocurrency exchanges to integrate with a retirement system that ranks among the world’s largest per capita, making it easier for mainstream investors to access digital assets.
As Australia takes steps to integrate digital assets into its retirement system, the United States is also advancing efforts to allow cryptocurrencies and other alternative assets within 401(k) retirement plans.
In August, President Donald Trump signed an executive order aimed at broadening the range of assets eligible for retirement accounts, giving alternative asset managers greater access to trillions of dollars in U.S. retirement savings.
“Many wealthy Americans, and Government workers who participate in public pension plans, can invest in, or are the beneficiaries of investment in, a number of alternative assets,” the executive order stated. The White House has argued that regulatory hurdles and concerns over potential legal challenges have limited retirees’ access to investment options that might deliver higher returns.
The moves by both countries signal a growing recognition of digital assets as a mainstream component of retirement planning, reflecting broader trends in the evolving global financial landscape.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
