Crypto exchange OKX has officially launched a specialized platform for self-managed superannuation funds (SMSFs) in Australia, registered under AUSTRAC, aiming to tap into the country's massive A$4.3 trillion retirement savings pool. The platform, announced on September 15, 2025, provides trustees and service providers with tools to buy, manage, and report on digital assets within SMSFs.
Kate Cooper, CEO of OKX Australia, stated that the platform addresses significant challenges faced by SMSF trustees who previously had to "cobble solutions together through spreadsheets, generic portals, or offshore support." She emphasized that OKX's purpose-built interface transforms what was previously a "compliance headache and support nightmare" into a streamlined process.
The platform features integrated portfolio dashboards, institutional-grade custody, real-time transaction tracking, and automated end-of-year reports for compliance and audit requirements. OKX has established local support teams available via phone, email, or live chat to guide users through the onboarding process, which reportedly takes only minutes to complete.
Despite a slight decline in SMSF crypto holdings from A$3.119 billion in 2024 to A$3.018 billion in mid-2025, overall holdings remain 40% higher compared to 2023 levels. The SMSF sector represents approximately 25% of Australia's total retirement assets, managing around A$1 trillion of the A$4.3 trillion pool.
This move follows reports earlier in September that both OKX and competitor Coinbase were looking to enter Australia's retirement market. Coinbase reportedly had over 500 investors on the waitlist for its upcoming SMSF offering. Australian regulators, including ASIC, have repeatedly warned about the speculative nature of cryptocurrency investments in retirement funds, having taken action last year against blockchain mining firms that encouraged transferring funds from regulated superannuation funds to SMSFs for cryptocurrency conversion.