Media: due to the lack of demand for the cryptocurrency indices Coinbase can close this service


Earlier this year, Coinbase has launched a cryptocurrency index Fund, giving investors access to the cryptocurrency as an asset class. However, according to rumors, the service may close due to lack of interest of institutional investors. It is reported by news portal The Block.

“A person familiar with the matter,” reported that the service was unable to attract enough customers, which had received less money than expected. This is unfortunate, since before the launch of the platform Coinbase reported an increased demand from institutional investors.

However, despite the possible closure of this year the number of providers scriptindex has increased. Among the recently released market companies: Abra, Bitwise Asset Management and Galaxy Digital from Mike Novogratz. These data correlate with the recent allegations that the cryptocurrency market continues to gain acceptance.

Beginning in September, launched Coinbase “Coinbase Bundle”. This service allowed users to purchase packages of crypto-currencies in one click, with a minimum threshold of $25 for the basket. However, this package is absolutely unique offer, because services such as Circle Invest, already offer similar options, but with a minimum threshold of $10. However, Coinbase is the largest cryptocurrency exchange in the United States, and packages is a great way to accelerate adoption.

Despite this, the platform Coinbase probably will continue to have the title of leader in the cryptocurrency industry. The team showed great concern about his user base, for example, as it copes with problems of scalability bitcoin or excessive security practices. Recently Coinbase is waiting for approval from the FSA of Japan.

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