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- OKX launches an AUSTRAC-registered SMSF crypto platform in Australia, targeting a $3.2T retirement savings pool.
- Platform offers dashboards, custody, real-time tracking, and automated reports to simplify SMSF compliance.
- Fast onboarding and local support aim to attract younger Australians seeking more control over retirement funds.
OKX has announced the launch of its platform specifically designed for self-managed superannuation funds (SMSFs) in Australia. The exchange is taking aim at the country’s $3.2 trillion retirement savings pool. The service is AUSTRAC-registered and aims to provide trustees with simple tools for managing digital assets. It is intended to streamline investment reporting and minimize compliance costs for SMSFs.
OKX Australia CEO Kate Cooper made the announcement on 15 September. Many trustees today use spreadsheets, generic portals, or offshore services that lack local knowledge, she added. Cooper says these tactics are confusing and introduce compliance risks. She said the system gave investors a raw deal and was not tailored to SMSFs.
Automated Reporting and Real-Time Tracking for SMSFs
The platform includes capabilities designed for SMSFs. Formal management of the fund will be structured over time with a suite of institutional-grade value-added services, which include portfolio dashboards, custody, and real-time transparent reporting.
Automated annual reports are also available. OKX says these reports are intended to make it easier for trustees to be able to meet their compliance, audit, and regulatory responsibilities without needing to rely on a lot of manual work.
Source: OKX
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Onboarding is quick and easy, Cooper said. Accounts can now be established in mere minutes via the online facility. OKX has also built local support teams to offer assistance via phone, email, or live chat. Directors want reliable support without using call centers outside Australia, Cooper said.
There is more competition here. In Australia, Coinbase is also working on a product for SMSFs. Earlier this month, reports indicated that Coinbase already had more than 500 investors on its waitlist. Both exchanges are confident younger Australians will use the products, with a growing number wanting more direct control over retirement savings.
OKX Targets SMSFs Despite Regulatory Concerns
SMSFs account for about a quarter of the country’s superannuation savings. Although SMSF crypto balances fell A$3.119 billion in 2024 and A$3.018 billion by mid-2025, the general trend is still up. Since 2023, the overall asset exposure to digital has increased by 40 percent. That’s down from its recent peak but still indicates ongoing interest.
Regulators are not convinced by these trends. The Australian Securities and Investments Commission (ASIC) has long warned since 2019 that superannuation funds are not for speculative investment. ASIC that year cracked down on blockchain companies accused of encouraging investors to roll regulated super into SMSFs and buy cryptocurrency.
Even after the warnings, there is still demand for crypto in retirement planning. The new platform of OKX aims to offer a platform with a middle ground between compliance and accessibility. The company is presenting itself as a significant force in the changing retirement investment scene in Australia by providing automated reporting, secure custody, and local service.
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