Coinbase to Target Australia's Self-Managed Pension Funds: Bloomberg

Coinbase to Target Australia’s Self-Managed Pension Funds: Bloomberg


Coinbase is planning to provide. service to target Australia’s self-managed pensions sector. The exchange’s Asia-Pacific Managing Director John O’Loghlen told Bloomberg, “We don’t see this as cannibalizing the ETF players.”

Coinbase is developing a service that will specifically target Australia’ self-managed pensions sector, the exchange’s Asia-Pacific Managing Director John O’Loghlen told Bloomberg.

Crypto’s relationship with the pensions sector and retirees isn’t exactly new. Self-managed funds in Australia have increasingly held crypto since March 2019. According to the latest data from the Australian Taxation Office, nearly A$1 billion ($664 million) is allocated to crypto. That’s a steep increase from only $131.5 million (197 million AU)

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