Coinbase expands to Australia with focus on institutions in ‘months to come’

United States-based cryptocurrency exchange 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.

Speaking to Cointelegraph, Nana Murugesan, Coinbase’s VP 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.

The “baseline signals” Murugesan explains such as the local awareness of crypto and people who view it as the future of finance are “kind of on par or even better” in Australia compared to the U.S. and other markets.

“Australia definitely punches way, way over its weight in the APAC region, certainly at a global level too and from a revenue contribution standpoint, I feel pretty good about what it’s going to do.”

Murugesan explains it started with building a localized infrastructure, incorporating a local entity, Coinbase Australia Pty Ltd, and obtaining registratio