Australians continue to encounter significant banking barriers when engaging in cryptocurrency transactions, despite years of regulatory progress in the sector, according to recent surveys and industry insights. A Binance survey of 1,900 Australians revealed that 58% of respondents desire seamless and limit-free access to fund deposits on exchanges, while 22% reported switching banks to facilitate easier crypto purchases. Industry leaders attribute these issues to inconsistent access to financial services, which hampers market participation and trust [1].

Crypto businesses and users frequently face restrictions imposed by traditional banks. OKX Australia’s CEO, Kate Cooper, highlighted that many financial institutions deny services to…