Coinbase Obtains Australian Financial Services License to Offer Cryptocurrency and Stock Perpetual Contracts

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On April 8, Coinbase Australia Pty Ltd announced that it has obtained the Australian Financial Services License (AFSL) granted by the Australian Securities and Investments Commission. With this crucial step, Coinbase will offer cryptocurrency and stock perpetual contracts to Australian users, followed by the launch of futures and options. In the process of expanding its trading platform, Coinbase will compete with traditional financial services (such as stock trading, payments, and other traditional financial products) through the Coinbase app, leveraging the speed and execution of crypto assets.

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