Buying Cryptocurrency, Markets, News, Signals, Trends

NEWS: Coinbase announces its Index Fund.

…as well as Coinbase Index. Although, at first, investing in the fund will be availabe only to US residents, without a doubt, investing in GDAX will soon be a possibility.

“Coinbase Index Fund will give investors exposure to all digital assets listed on Coinbase’s exchange, GDAX, weighted by market capitalization.”

coinbase index

Coinbase is s making a serious claim to become one of the pillars of the cryptocurrency market. Now, apart from an exchange and a wallet and following  recent news of its cooperation with the banking industry, allowing Coinbase customers to purchase Bitcoin with credit or debit card with no effort, the exchange offers a global investment vehicle. Although it is not the first crypto-based fund one can invest in, the fact that it is set up by Coinbase makes it big news.

The Index Fund will be based on the prices of four coins: Bitcoin, Bitcoin Cash, Etherium and Litecoin.

“It’s an easy way to get exposure to the crypto assets that we offer on our exchange,” – Asiff , Hirji, President, Coinbase

Register at Coinbase today for more updates and early access.

Sources: 

https://blog.coinbase.com/announcing-coinbase-index-fund-3925fbf548db

https://www.ft.com/content/6d9a35be-2167-11e8-9efc-0cd3483b8b80

https://www.cnbc.com/2018/03/06/bitcoin-exchange-coinbase-launches-the-dow-jones-of-cryptocurrencies.html

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