South Korea's Largest Pension Fund Buys $20 Million in Coinbase Shares, Signaling Growing Institutional Crypto Interest
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South Korea's National Pension Service purchased $19.9 million worth of Coinbase shares.
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This is the world's third-largest pension fund making its first investment in a crypto-related company.
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The pension fund bought over 280,000 Coinbase shares in Q3 2022.
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Coinbase reported better than expected revenue of $6.74 billion in Q3.
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The purchase signals growing institutional interest in the crypto industry.