Coinbase has expanded its services in Australia, introducing three new features designed to enhance accessibility and security for local crypto investors. These updates aim to simplify transactions, improve trading capabilities, and provide dedicated customer support.
Key Services for Australian Users
- PayID Integration
Australians can now use PayID to deposit AUD directly into their Coinbase accounts. Developed by the Australian financial sector and the Reserve Bank of Australia, PayID links bank accounts to mobile numbers or emails for seamless payments. - Retail Advanced Trading
This feature offers volume-based pricing and advanced trading tools, allowing users to manage investments with a unified balance. Coinbase emphasizes its commitment to competitive pricing and intuitive interfaces. - 24/7 Chat Support
Coinbase has prioritized localized assistance, ensuring round-the-clock support for Australian customers.
Australia: A Hub for Crypto Adoption
Coinbase highlighted Australia’s role as an early adopter of digital currencies and a leader in fintech innovation. Nana Murugesan, VP of International Business Development, noted:
"Aussies were among the first to embrace crypto, and their savvy investing reflects this. We’re elevating their experience with Coinbase while collaborating with local innovators."
Strategic Local Efforts
To solidify its presence, Coinbase established Coinbase Australia Pty Ltd, registered with AUSTRAC for compliant digital currency exchanges. Partnerships include:
- Research collaboration with RMIT on Web3 and finance.
- Membership in Blockchain Australia, the nation’s premier blockchain industry network.
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FAQ
What is PayID?
PayID is an Australian payment system enabling transfers via email or mobile number, streamlining AUD deposits to Coinbase.
How does Retail Advanced Trading benefit users?
It combines low fees, powerful tools, and a single balance for efficient crypto trading.
Is Coinbase regulated in Australia?
Yes, through AUSTRAC registration and local entity incorporation.
Keywords: Coinbase Australia, PayID integration, crypto trading tools, AUSTRAC registration, Blockchain Australia, Web3 collaboration, RMIT partnership
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