Coinbase enhances product offering in Australia
Coinbase announces enhancements to its product offering in Australia.
First, the company is introducing PayID as a way for Australians to top up their Coinbase accounts using direct Australian Dollar transfers.
Second, it is offering Retail Advanced Trading to Australian-registered customers. With Advanced Trading, customers can access low, volume-based pricing and powerful trading tools with one unified balance.
Finally, it is providing 24/7 chat support to its customers in Australia.
In Australia, Coinbase has incorporated itself as a local entity (Coinbase Australia Pty Ltd), and obtained registration and enrolment with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services.
“Australia is also well positioned to take a lead on crypto legislation, both in the region and globally, by taking a proportionate and crypto forward approach to truly harness the potential of the crypto economy. We look forward to continuing our work with policymakers in Australia, to further our shared objectives to empower and protect consumers through crypto”.
Coinbase has invested in Australian Web3 and crypto projects through Coinbase Ventures, including local favourites like ImmutableX, CoFiX, Synthetix, Block Earner, and CryptoTaxCalculator. The company has also invested across the Tasman in New Zealand. Finally, it supported the growth of the Australian Web3 ecosystem by providing them access to new tools and technologies.