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Coinbase is shaking things up quite a bit lately and its latest tools are geared toward cryptocurrency traders just getting their toes wet.
On Thursday, the company announced that it would add a feature called Coinbase Bundle. The new offering lets users purchase a market-weighted sampling of Coinbase’s five available cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ethereum Classic. The idea is that a bundle of coins offers users a starter pack for cryptocurrency trading on the platform with stakes of their choosing. In reality, until Coinbase adds more coins, it’s not exactly a diversified portfolio so much as a slightly counterbalanced selection of Coinbase’s current limited offerings.
June - Coinbase - Index - Funds - Investors
In June, Coinbase introduced index funds targeted toward institutional investors in the U.S. While those funds required an investment between $250,000 and $20 million, Coinbase Bundle is geared toward the casual individual investor with bundles that start at $25. For beginning traders that prefer to follow rather than beat the market, betting on broad growth over time, a product like Coinbase Bundle makes sense. Or rather it will when Coinbase adds a lot more coins.
Users who buy a Coinbase Bundle can expect to see the funds appear in their wallet like normal. There, the funds will behave like separate assets that can be sold and sent elsewhere.
Beyond - Bundles - Coinbase - Cryptocurrency - Tools
Beyond bundles, Coinbase is also launching a few educational cryptocurrency tools geared toward anyone still learned the ropes. The first of those tools is Coinbase Asset Pages, the company’s own CoinMarketCap-like database where anyone can view details about the top 50 coins by...
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