Coinbase is eyeing cryptocurrency demand in Australia's pension sector

Coinbase, the largest cryptocurrency exchange in the United States, is targeting potential demand from Australia's growing self-managed superannuation industry. John O'Loghlen, managing director for Asia Pacific, said the exchange is developing a service targeted at the segment. The latest figures from the Australian Taxation Office show that such portfolios account for about a quarter of Australia's $2.50 trillion pension system, with 1 billion Australian dollars ($664 million) allocated to cryptocurrencies.