Coinbase launches index fund for U.S. investors
The cryptographic index fund focuses on U.S. accredited investors but do not rule out expanding to other countries
Coinbase has just launched its cryptographic index fund for U.S. accredited investors. This was announced through media by the representatives of the company. Since last March they have been working on this initiative to diversify their offer to customers.
Currently, Coinbase has a high demand for new clients and is reaching investors ranging from $ 250,000 to $ 20 million dollars. A tempting market for the online crypto wallet based in the US considered the safest for the purchase and sale of cryptocurrencies.
The annual fee charged by the online portfolio is 2% for the maintenance of funds. It currently accepts Bitcoin, Ethereum, Bitcoin Cash and Litecoin, but is studying the possibility of including a fifth cryptocurrency, the Ethereum Classic.
Beyond the fluctuations of the market, Coinbase works to reach more digital currency investors. They are working for the launch of more products for the general public. With this they hope to rapidly expand their portfolio.
Last May, the company announced four new products to meet the needs of its subscribers, which include a central liquidity pool, safe storage of cryptocurrencies, a professional trading platform as well as research and support services.
M.Pino
Source: Mashable
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