Coinbase Want To Attract More Than Just Institutional Investment
Coinbase have been accused of only wanting to attract institutional investors, however their latest move is one that has been designed entirely for low level and inexperienced investors. Coinbase Bundle is a new platform that is being launched by the popular US exchange in order to make it easier for new investors to invest in cryptocurrency.
Coinbase Bundle will be launched in the United States and across Europe over the next few weeks and will allow new traders to purchase a bundle of five cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ethereum Classic (all of the tokens that are currently offered on the Coinbase exchange).
The beauty of this is that the investment will be done in one smooth transaction, meaning investors wonât need to purchase the currencies separately. No good for those who want to purchase tokens separately, but great for new investors who want to learn the ropes of cryptocurrency investment.
The Coinbase Bundle will be available for a fee of around $25.00 and gives investors the opportunity to choose exactly how much of the $25.00 fee they will stake in each currency. There will be no maximum stake, so those who wish to input more than $25.00 into the bundle they can.
Once purchased, the Coinbase Bundle will then act as individual cryptocurrencies which can then be bought and sold via the investors Coinbase account. Investors wonât be able to sell off the bundle in one go however, so all assets must be traded separately after the initial purchase.
Whatâs the point?
Okay, we can see a good intention in this, Coinbase want to make it easier for new investors to buy cryptocurrency, by making their offerings accessible via one purchase, they are speeding up the buying process. However at the moment, new investors can already split $25.00 across Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin and choose their own stake, though they will have to make individual payments each time.
Overall, we think this is a nice idea that could help encourage some new investment, however itâs a bit of a novel addition, one that probably wonât have a huge impact, because as iâve stated, Coinbase arenât making investment that much easier, nor are they making it any safer. Buying the Coinbase Bundle holds the same level of risk as buying all of Coinbases currencies individually.