Coinbase Stops Multisig Vaults Support

. Support for multi-signature vaults will stop on April 19 this year
23 March 2018   606

The American cryptocurrency company Coinbase stops multisig vaults support, whose additional level of security is provided by the multi-signature function. This is reported by Bitcoin.com.

Among the main reasons for this decision, representatives of the company call the low popularity of this option among customers, as well as negative feedback from them. Support for multi-signature vaults will stop on April 19 this year.

By removing this functionality, engineering time spent on supporting multisig vaults can be reallocated to continued investment in the security and reliability of our platform, which is of critical importance to our customers.
 

Coinbase Team

Also company explained that the increase in the number of bitcoin hardforks complicates the maintenance of such vaults, as well as ensuring the possibility of withdrawing coins that appear as a result of these events.

For users of multisig vaults, the company recommends making sure that they have two private keys required to manage their assets.

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   145

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.