Coinbase Secures Australian License for Crypto and Equity Perpetuals

Coinbase, one of the leading digital asset exchanges, has secured a license from the Australian Securities and Investments Commission (ASIC) to operate in Australia. This move marks an important milestone for the company as it looks to expand its services globally.

The license allows Coinbase to offer cryptocurrency perpetuals, which are contracts that allow users to buy and sell cryptocurrencies with leverage. In addition to this, the company also plans to introduce equity perpetuals, allowing users to trade equities with similar features.

This development is seen as a significant step for Coinbase in the Australian market, where there has been growing interest in cryptocurrency trading. The company's expansion into Australia follows its efforts to obtain licenses in other countries, including Japan and Singapore.