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