Coinbase Australia has received an Australian Financial Services Licence (AFSL) with retail derivatives authorisation from the Australian Securities and Investments Commission (ASIC), becoming the first crypto exchange to achieve this milestone.

An AFSL authorizes businesses to provide regulated financial services in Australia. It covers activities like giving financial advice, trading financial products, operating investment schemes, and other specified services.

AFSL holders must meet their disclosure and compliance obligations, maintain adequate resources, and uphold the standards of Australia’s financial regulatory framework.

The approval reflects years of investment in the market and reinforces Coinbase’s…