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

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) in December 2019. Thousands of Australians who used self-managed pension funds to bet on...