Coinbase Secures Australian Financial Services Licence, Expands Product Offering

Coinbase has made significant strides in expanding its presence in Australia with the recent approval of an Australian Financial Services Licence.

This licence will allow Coinbase to operate under a regulated framework and expand its product offering beyond crypto trading. The company plans to introduce a range of new financial products, including crypto and equity perpetuals, with futures and options expected to follow.

The announcement marks a major step in Coinbase's push to compete more directly with traditional financial institutions by expanding into stock trading, payments, and other financial services through its platform.