Coinbase gains AFSL licence to bring ‘Everything Exchange’ to Australia
Coinbase has become the first crypto exchange to secure an Australian Financial Services Licence, enabling the expansion of regulated financial products in Australia.Summary
Coinbase Australia has secured an Australian Financial Services Licence (AFSL) from the Australian Securities and Investments Commission (ASIC), becoming the first cryptocurrency exchange to reach this milestone. This license subjects the company to the same regulatory standards regarding governance, disclosure, and consumer protection as traditional financial institutions. By obtaining this authorization, Coinbase plans to expand its “Everything Exchange” platform to offer Australian users access to crypto and equity perpetuals, with future plans for options and futures trading. This development follows years of growth for the firm in Australia, which has included AUSTRAC registration and various local integrations since 2016.
(Source：Crypto Briefing)