PANews May 4 news, Coinbase announced the official launch of self-managed super funds (SMSFs) support in Australia, providing compliant and secure digital asset investment solutions for Australian trustees to help diversify retirement portfolios. This service is based on the Australian Financial Services License (AFSL) recently obtained by Coinbase and local expertise.

According to data from the Australian Taxation Office, there are currently over 653,000 SMSFs in Australia managing A$1.05 trillion in assets, with more than 1.2 million members. SMSFs have become one of the few retirement structures globally that allow individuals to directly manage digital assets. Coinbase's SMSF solution offers a simplified real-time verification process, audit reports compliant with local accounting standards, and institutional-level security to assist Australian investors in incorporating cryptocurrency into long-term retirement strategies.

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