Coinbase Launches Poor Cryptocurrency Index Fund

The American crypto exchange Coinbase has introduced a whole set of innovations, including the Bundles index fund, which consists of the five most popular coins and is available to everyone.

Bundles is a pre-built package consisting of Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Ethereum Classic (ETC) and Litecoin (LTC). This set of five coins can be purchased for as little as $ 25. With current rates, diversification calculations, and tiny volumes, Coinbase’s offering is a real boon for customers and saves them a lot of hassle..

The Index Fund will be available to users in the US, EU and UK in the coming weeks. So far, only daily restrictions have been introduced for the purchase of Bundles by one user, but the total maximum volume has not been set. Purchased packages will be stored in the Coinbase wallet, where they can be exchanged, sent, sold or held as an independent asset.

Another innovation will be the addition of a page with information about the top 50 cryptocurrencies by market capitalization, most of which are not available on the platform itself. There will also be a training section that should help novice traders work with digital assets, understand the principles of their functioning and will contain answers to frequently asked questions..

Coinbase Launches Poor Cryptocurrency Index Fund

Previously, the platform changed the listing procedure, expanded the list of supported coins and increased the daily purchase limits to $ 25 thousand.

text: Ivan Malichenko, photo: BlockchainFresh

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