$2.76B
, two cryptocurrency exchanges, are offering support for Australians who want to add crypto to their self-managed superannuation funds (SMSFs).
These new services are designed to simplify the process of including digital assets in retirement savings, according to a September 1 report by Bloomberg.
Previously, Australians using SMSFs could invest in crypto, but they had to manage everything themselves by setting up accounts, arranging custody, and handling the paperwork required for audits.
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Coinbase and OKX offer complete solutions that handle these tasks in one place. This includes connecting users to accountants and legal experts, providing secure storage, and helping meet compliance standards.
According to Bloomberg, the crypto services are being launched as interest in SMSF crypto investments grows. By March 2025, SMSFs held around A$1.7 billion (US$1.1 billion) in digital assets. That is about seven times more than in 2021.
SMSFs represent the first segment of Australia’s retirement system, with a noticeable level of crypto investment, which accounts for roughly 25% of the country’s total retirement savings.
Coinbase said over 500 people have already signed up for the waitlist to access its SMSF service, with most planning to invest as much as A$100,000 in crypto.
OKX launched its own SMSF product in June and reported that interest has been higher than expected.
On August 27, Webull launched crypto trading in Australia, following its recent return to the digital asset market in the US. What does the platform offer? Read the full story.
