Coinbase Index Fund is Open For Investment
The largest American cryptocurrency company Coinbase declared start of the index fund focused on the accredited investors.
According to representatives of Coinbase, there is "huge interest" in cryptocurrencies among investors who are able to afford to enclose in new assets the sum from $250 thousand to $20 million.
"Coinbase Index Fund gives to investors access to all assets presented at our exchange and weighed on market capitalization — the company in the blog reports. — In the future the fund will be to be rebalanced for inclusion in him of Ethereum Classic and other assets which will be supported by Coinbase".
Also representatives of the company have noted that now work on funds which will include richer range of various cryptoassets is conducted and, at the same time, will be focused on a wide range of investors.
We will remind, yesterday, on June 12, Coinbase announced support of cryptocurrency of Ethereum Classic. Support assumes addition of an asset on the CoinbasePro (GDAX) exchange, in the Coinbase Custody service and also inclusion in new index fund.
Coinbase is doing the best and most serious job on the market... you can love them or hate them for that.