Coinbase now lets users buy ‘bundles’ and launches its own index for the top 50 coins

Coinbase is shaking things up quite a bit lately and their latest offering is 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. That bundle of coins , a kind of instant diversified portfolio, offers users a starter pack for cryptocurrency trading on the platform with stakes of their choosing.

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.

Coinbase opens its crypto index fund to accredited U.S. investors

Users who buy a Coinbase Bundle can expect to see the funds appear in their wallet like normal where they will behave like separate assets that can be sold and sent elsewhere.

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 market cap, whether they’re listed by Coinbase or not.

Like other resources, Coinbase’s new tool will provide “historic trading data, current market cap, a description of the cryptocurrency, and links to relevant white papers and project websites.” The tool is helpful for Coinbase users who don’t want to hop elsewhere to check in on the broader market but it will be open to anyone whether they have a Coinbase account or not.

Coinbase is also launching a dedicated learning hub on its site where new users can browse topics like “What is blockchain?” and “Where do cryptocurrencies get their value?” — in many cases, a good question. Given Coinbase’s appeal to brand new users, it’s kind of surprising that this didn’t already exist. Particularly that it wasn’t implemented late last year when many wide-eyed investors bought it at all-time highs and were handed big losses in the months to come.

After mainstream interest in digital currencies cooled from the fever-dream highs of late 2017, making Coinbase’s famously user-friendly entrypoint into the cryptocurrency world even more approachable for first-time buyers, if many remain, can’t hurt. The company is also clearly readying for its plan to list coins well beyond its current limited offerings, a transformation that will see the platform evolve from its historical identity as a blue chip stock shop to something more akin to digital currency’s attractive, well-lit corner store.

Coinbase Bundles, limited to the U.S. and Europe, will begin rolling out starting today and users can expect to see them showing up within the next few weeks.

from www.tech-life.in