Coinbase have packaged together 5 digital assets and are now selling them as “Coinbase Bundles“.
The bundles include Bitcoin, Ethereum, Bcash, Litecoin and Ethereum Classic, weighted by market capitalization.
In a statement on their website, the San Francisco based company said:
The Coinbase Bundle is a selection of five cryptocurrencies supported on Coinbase, purchased in proportion to their USD market capitalization. The bundle will consist of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ethereum Classic in different ratios based on the market capitalization and price at the time of purchase.
Coinbase have essentially made it easier for investors to buy a basket of digital assets and get (limited) exposure across a range of alt coins. This bundle is likely to be expanded over time as the company also recently announced that they are exploring 30 other digital assets including Cardano and Ripple.
The bundle page also features a chart that tells customers how much their investment would have gained or lost over a given time period. The annual chart is not a pretty picture unfortunately.
The Decentral agrees…
You can see the full details of Coinbase Bundles here.
Who you’re reading:
David Black is a staff writer at The Decentral, living and writing in Chiang Mai, Thailand. He’s also the author of both fiction and non fiction books and likes to debate the finer parts of crypto currency and politics to anyone who will listen.
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Disclaimer: Any and all opinions expressed here are those of David Black alone. The article is for educational and/or entertainment purposes only, so please use it at your own risk.