Coinbase to Open Investment Index Fund

According t Coinbase, there is a "huge interest" in the cryptocurrency among investors who can invest in new assets from $ 250,000 to $ 20M
13 June 2018   1823

The largest American cryptocurrency company Coinbase announced the launch of an index fund, focused on accredited investors.

According to representatives of Coinbase, there is a "huge interest" in the cryptocurrency among investors who can invest in new assets from $ 250,000 to $ 20 million.

Coinbase Index Fund gives investors exposure to all assets listed on our exchange, weighted by market capitalization. As we announced yesterday, the fund will be rebalanced to include Ethereum Classic, and more assets when they are listed by Coinbase in the future.

At this stage, Coinbase Index Fund is only open to US-resident accredited investors. We’re working on launching more funds which are accessible to all investors and cover a broader range of digital assets.
 

Reuben Bramanathan

Product Lead, Coinbase Asset Management

On 12th of June, Coinbase announced support for the Ethereum Classic cryptocurrency. Support includes the addition of an asset to the CoinbasePro exchange (GDAX), the Coinbase Custody service, and the inclusion in the new index fund. 

Coinbase to Have Over 960k BTC in a Vault

The company does not have direct access to these funds, which are also insured by the Federal Deposit Insurance Corporation
02 December 2019   167

Coinbase cryptocurrency exchange stores about 966,230 BTC in cold wallets of its custodian service, whose capitalization is about $ 7.1 billion. The company does not have direct access to these funds.

Exchanges' Funds
Exchanges' Funds

The second place in terms of funds in the cold storage is held by the BitMEX exchange with 265,140 BTC ($ 1.94 billion). This is followed by the Bitstamp platform - 229,490 BTC ($ 1.67 billion), Bitfinex - 146,120 BTC, Kraken - 136,780 BTC, Bittrex - 131,340 BTC and Coincheck - 35,090 BTC.

Note that Coinbase cryptocurrency deposits are insured by the Federal Deposit Insurance Corporation. However, any centralized management puts users ’assets at risk, experts recall.