Coinbase APAC exec: Focusing on Australian pension-sector demand

Coinbase Asia Pacific (APAC) managing director John O'Loghlen said that the company is focusing on potential demand in Australia's superannuation sector and is developing services for it, Bloomberg has reported. This investment portfolio makes up about a quarter of Australia's pension system, with about A$1 billion ($664 million) allocated to cryptocurrencies, according to Australian Taxation Office data. O’Loghlen previously said that there are an increasing number of young Australians who want to allocate part of their retirement pension to cryptocurrency. Additionally there are those who do not have large assets but have high incomes and are interested in cryptocurrency investment.