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0.08%Coinbase Expands Services in Australia, Calling Country a ‘Priority Market for Us’
The crypto exchange is adding a way for retail customers to easily transfer Australian dollars to their Coinbase accounts, among other improvements.
By Nelson Wang
Updated May 9, 2023, 3:58 a.m. Published Oct 5, 2022, 6:33 p.m.
Coinbase (COIN) is boosting its services in Australia, calling the country “a priority market for us,” the company announced in a blog post this week.
The crypto exchange said it is adding local payments platform PayID as a way for customers to transfer Australian dollars to their Coinbase accounts, offering advanced trading tools and better pricing to its local retail customers and providing 24/7 chat support to customers there.
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The exchange has also incorporated as a local entity in Australia, and registered with local regulator Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services. John O’Loghlen, formerly a regional director with Ant Group, was hired in July to head up Coinbase Australia.
The crypto exchange noted it has invested in Australian crypto firms ImmutableX, CoFiX, Synthetix, Block Earner and CryptoTaxCalculator.
Read more: Coinbase Wins Dutch Approval That Should Give Crypto Exchange Access to All of EU
Nelson Wang
Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.
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