According to Odaily Planet Daily, Australia 's A$4.3 trillion (US$2.8 trillion) pension system is becoming a new frontier for cryptocurrencies. Two major digital asset trading platforms, Coinbase Global Inc. and OKX, have launched products aimed at channeling pension funds into cryptocurrencies. According to John O'Loughlan, Managing Director of Coinbase Asia Pacific, the company is about to launch a dedicated SMSF service, with a waiting list of over 500 investors. Kate Cooper, CEO of OKX Australia, said that demand for a similar product launched in June far exceeded expectations. OKX's products and Coinbase's planned services will also assist investors in setting up SMSFs by recommending third-party providers such as accountants and law firms. Although there is no minimum balance requirement, ongoing management costs, including mandatory independent audits, mean that SMSFs are generally only cost-effective for large accounts. (Bloomberg)