SMSF management tool Xpress Super has formed a partnership with cryptocurrency brokerage Bitcoin Trader to give users access to cryptocurrency investments.
In a statement, Xpress Super chief executive Olivia Long said the partnership was intended to meet “growing levels of investor demand” for cryptocurrency assets.
“We are being inundated with inquiries from SMSF trustees wanting to jump on board the cryptocurrency bandwagon,” she said.
“Our role as SMSF compliance specialists isn’t to give advice to self-directed investors on whether this is the right investment option for their fund, but to ensure they are compliant if they do invest.”
Ms Long said meeting SMSF audit requirements was one of the most difficult processes for SMSF trustees hoping to include cryptocurrency in their portfolio.
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