Crypto Eyes Australia’s Pension Market
Australia’s retirement savings system, called self-managed superannuation funds (SMSFs), is one of the biggest in the world. In September 2024, its value reached $2.7 trillion, and experts expect it to grow to over $11 trillion by 2043.
Traditionally, these funds invest in things like roads, ports, and infrastructure. But because of market risks, managers are now looking at crypto as a new option.
Cath Bowtell from IFM Investors explained that about $3.2 billion enters the pension system every week, so there’s a big need for fresh investment opportunities.
Coinbase and OKX Target SMSFs
SMSFs let individuals manage their own retirement money. They already hold $1.1 billion in crypto, which is seven times more than in 2021.
- Coinbase is preparing a special service for SMSFs, with 500+ investors on its waitlist. Most plan to start new funds and put up to $67,000 into crypto.
- OKX launched its SMSF service in mid-2025 and saw strong demand. The platform helps investors by connecting them with accountants and legal experts.
Experts say crypto in pensions is still new, but if larger funds follow SMSFs, Australia could become a global hub for crypto adoption.
Regulators Stay Cautious
Even though interest is growing, regulators are warning investors. The Australian Securities and Investments Commission (ASIC) says crypto is very risky and volatile, so people should get professional advice before using retirement funds.
Authorities have also been cracking down on bad actors:
- AUSTRAC ordered Binance Australia to appoint an external auditor.
- 427 inactive exchanges were warned they could be deregistered.
- 10,000+ scam websites were shut down, including fake crypto investment platforms.
- Cointree, a local exchange, was fined for late reporting of suspicious activity.
The Australian Tax Office reminded investors that pensions are meant to secure income for retirement, not just for speculation.
