Coinbase will expand its services in Australia, launching a local entity and an updated suite of services for retail crypto traders, hinting that institutional products are soon to follow.
Nana Murugesan, Coinbase’s vice president of international and business development, said building during bear markets has paid off big time during the bull run and he’s confident in what he sees in the local market.
Murugesan explains it started with building a localized infrastructure, incorporating a local entity, Coinbase Australia Pty Ltd, and obtaining registration to provide digital currency exchange services with the Australian Transaction Reports and Analysis Centre the country’s financial intelligence agency.
The exchange will also collaborate with RMIT University’s Blockchain Innovation Hub to assess Web3 opportunities in the country, Murugesan adds it’s working with the University of New South Wales (UNSW) and others to create related courses and assist in research programs.
