Coinbase plans expansion to stock trading in Australia after securing license

Australia passed legislation on April 1, bringing digital asset and tokenized custody platforms under its financial services licensing regime..

• The approval puts Coinbase under Australia’s financial rules as the country formalizes oversight of crypto platforms
• Cointelegraph in your social feed Coinbase is planning to expand its offerings in Australia to include derivatives, equities and payments after securing an Australian financial services license (AFSL)
• John O'Loghlen, regional managing director for APAC at Coinbase, said the Australian financial services license (AFSL) will see the exchange initially offer crypto and equity perpetuals but will open the door for futures, options and other traditional financial products