Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Coinbase Exchange Secures License for Cryptocurrency Derivatives Trading in Australia, 2026/04/08 11:30:22
The Australian Securities and Investments Commission (ASIC) has granted an Australian Financial Services Licence (AFSL) to Coinbase Australia, a subsidiary of Coinbase Global, enabling it to provide financial services and engage in retail trading of derivative financial instruments.
The AFSL permits the firm to offer retail clients leveraged cryptocurrency products, as well as perpetual cryptocurrency and equity derivatives. Additionally, it requires Coinbase Australia to adhere to disclosure obligations, asset management standards, and consumer protection regulations applicable to licensed financial entities in Australia.
Related Posts
John O’Loghlen, the Managing Director of Coinbase for the Asia-Pacific region, stated that the company aims to compete with traditional financial institutions in the stock and currency trading sectors.
The license has been obtained ahead of potential changes to corporate legislation concerning the regulation of digital assets. If enacted, cryptocurrency exchanges will be required to secure an AFSL to operate in Australia. According to O’Loghlen, the company has proactively acquired the license to align with future regulatory requirements.
Coinbase has been active in the Australian market since 2016. In 2022, the company registered its subsidiary, Coinbase Australia, with the Australian Transaction Reports and Analysis Centre (AUSTRAC). Furthermore, the exchange collaborates with the Blockchain Research Centre at the Royal Melbourne Institute of Technology (RMIT) and is a member of the Digital Economy Council of Australia.
Previously, the Australian Treasury proposed to tighten accountability for cryptocurrency exchanges and other virtual asset service providers (VASPs) operating without a license.
