Coinbase to Reduce Index Fund Fee to 1%

Additionally, american cryptocurrency exchange reported on the Ethereum Classic listing to the Index Fund
14 August 2018   1064

The American cryptocurrency company Coinbase announced the reduction of fees for managing the index fund - from two to one percent in annual terms.

According to representatives of Coinbase, the decision was made to attract investors investing in other index funds based on other classes of assets. This, according to the company, will help attract institutional money to the crypto industry.

Also it is noted that the index fund of Coinbase was rebalanced to list the Ethereum Classic. In addition, the company said that they will supplement the fund with new assets (currently there are only five of them).

The Coinbase index fund gives accredited investors from the United States the opportunity to invest in the most liquid crypto assets weighted by their market capitalization. The minimum investment in the fund is $ 250,000, the maximum allowable - $ 20 million.

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 .