Coinbase, the largest US crypto exchange, is planning to tap into Australia’s $600 billion self-managed pension sector, according to a Bloomberg report. The company is developing a service tailored for this sector, aiming to cater to the growing interest in crypto investments among self-managed funds. This move comes amidst a significant increase in crypto holdings by these funds, with nearly $664 million (A$1 billion) allocated to crypto. The initiative is seen as an attempt to capitalize on the potential approval of Bitcoin exchange-traded funds (ETFs) in Australia this year, which could further drive crypto demand in retirement plans.
Coinbase Ventures Into Australia’s $600 Billion Pension Market With Tailored Crypto Services
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