By badbitch on Skatehive
Coinbase is reportedly in an active process to expand its product offerings in Australia to include stock trading and payments, directly competing with traditional companies. Coinbase is planning to expand its offerings in Australia to include derivatives, equities and payments after securing an Australian financial services license (AFSL). John O'Loghlen, regional managing director for APAC at Coinbase, said the Australian financial services license (AFSL) will see the exchange initially offer crypto and equity perpetuals but will open the door for futures, options and other traditional financial products. “We’re going to compete with traditional financial services on stock trading, payments and other TradFi products with the speed and execution of crypto,” O'Loghlen said. — Cointelegraph report The blockchain advantage The convergence of digital assets and traditional assets is taking shape with a growing number of TradFi companies offering exposure to these emerging markets and now,