Coinbase Eyes Australian Pension Market With Bitcoin Service Tailored For Self-Managed Funds
Portfolio Pulse from Benzinga Neuro
Coinbase Global Inc. (NASDAQ:COIN) is developing a service tailored for the self-managed pensions sector in Australia, which constitutes about a quarter of the country's $2.5 trillion pension system. This move aims to tap into the growing interest in cryptocurrencies among institutional investors.
May 16, 2024 | 4:56 am
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Coinbase is developing a service for the self-managed pensions sector in Australia, aiming to tap into a market that constitutes about a quarter of the country's $2.5 trillion pension system. This move could significantly boost Coinbase's revenue and market presence.
Coinbase's strategic move to enter the Australian pension market could lead to increased revenue and market share, given the significant size of the market and the growing interest in cryptocurrencies among institutional investors.
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