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   1334

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 be Ranked 1st at New CryptoCompare's Rate

New exchange's benchmark is designed to combat fake trading volume on unregulated exchanges
13 June 2019   183

Analytical service CryptoCompare has launched a rating system for more than 100 platforms for the spot cryptocurrency trading. According to service representatives, it should be a comprehensive, detailed and reliable source of information, and meet the industry’s demand for data transparency.

CryptoCompare combined methods of quantitative and qualitative analysis. The system does not take into account the total trading volume, but the ratio of volume and volatility in combination with the standard deviation of volumes based on more than 30 metrics. In theory, this will help to deal with the problem of fake trading volume on unregulated exchanges.

After analyzing the data for May, the service assigned the first place to the Coinbase, and the top three were closed by Poloniex and Bitstamp. Top 10 also includes BitFlyer, Liquid, itBit, Kraken, Binance, Gemini and Bithumb.

It is noteworthy that this rating is somewhat different from the list of trusted exchanges of Bitwise Asset Management, which in March reported to the US Securities and Exchange Commission (SEC) about the problem of fake trades. Thus, Bitwise considers Bittrex and Bitfinex to be reliable, but they are not in the top ten from CryptoCompare - instead of them, South Korean Bithumb, which was hacked twice during the year, and Liquid, which announced the upcoming listing of tokens Gram, which supposedly don't know anything about in Telegram .