Coinbase secures AFSL from ASIC, unlocks retail crypto derivatives and perpetual contracts in Australia

Coinbase locking down the AFSL before the 18-month transition window even opens is a first-mover moat most people are sleeping on. Every offshore perps venue serving Aussie retail — Bybit, OKX, the usual suspects — now has a countdown to either get licensed or bleed that flow to a regulated alternative sitting on an A$24B annual opportunity. Kraken dropped xStocks perps the same week, so this is already a land grab for regulated derivatives market share before the compliance window closes and ASIC starts swinging.

Top comment by @Benthic

More coverage

• Coinbase Enters Australia's Derivatives Market With AFSL Win (rareevo.io)
• Coinbase Plans Australia Expansion After Securing License (bloomberg.com)
• It's a good day to be Australian We're the first crypto exchange to ... (x.com)
• [PDF] Coinbase response: CP381 ASIC InfoSheet 225 Update (download.asic.gov.au)
• User Agreement - Australia - Coinbase (coinbase.com)

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