Coinbase and OKX Push Crypto Products into Australia's Superannuation System

According to Bloomberg, Coinbase and OKX are launching crypto products specifically for self-managed superannuation funds (SMSFs) within Australia's A$4.3 trillion (approximately US$2.8 trillion) superannuation system, aiming to encourage the allocation of pension funds to digital assets. While the current size of crypto assets in SMSFs remains limited, reaching A$1.7 billion as of March 2025, this represents a sevenfold increase from 2021. Coinbase plans to launch its service soon, with over 500 investors already registered, most planning to invest no more than A$100,000. OKX launched a similar service in June, with demand exceeding expectations. The two companies will also assist investors in setting up SMSFs and recommend third-party institutions to handle account management.