Coinbase Opens Its Index Fund To Accredited US Investors
Cryptocurrency company Coinbase has announced the opening of its index fund to accredited US investors. Information about this was published on her blog..
According to the report, the company has faced “overwhelming” demand from investors and is opening a tool for those who wish to invest from $ 250,000 to $ 20 million.
“The Coinbase Index Fund allows investors to interact with all assets listed on our exchange, weighted by market cap. As we announced yesterday, the fund will be rebuilt to include Ethereum Classic. Other assets will also end up in the fund once they are added to Coinbase in the future. ”.
The company announced the upcoming listing of Ethereum Classic earlier this week. Prior to that, only 4 digital assets were traded on the site, which until that time were included in its index fund: Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
Coinbase also said it is developing products that will be available to all investors and will include more cryptocurrencies..
Please note that Coinbase strives to meet the requirements of the US Securities and Exchange Commission in order to obtain banking and brokerage licenses, and therefore its ability to work with individual investors may be seriously limited..
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