Coinbase Targets Service For Self-Managed Pension Funds: Bloomberg

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Coinbase is poised to develop a service targeting Australia’s self-managed pension sector, as reported by Bloomberg. Self-managed funds in Australia have increasingly held crypto since March 2019, with nearly A$1 billion ($664 million) allocated to crypto. This trend might be driven by the anticipated US spot ETF approvals, but MD John O’Loghlen claims it is ‘not cannibalizing the ETF players,’ but rather a rising tide and an interest in coming in through their own self-managed portal.