Business 28 September 2018

Dennis Wafula

Coinbase ‘Bundle’ aims to simplify crypto trading

Cryptocurrency exchange Coinbase has released a new update, the Coinbase Bundle, which aims to simplify crypto trading.

In a blog post, the San Francisco-based company said the Bundle is a market-weighted selection of five cryptocurrencies—Bitcoin Cash (BCH), along with BTC, ETH, LTC and ETC—which are available to buy and sell on Coinbase for as low as $25.

Customers will be able to choose how much cryptocurrency they want to own. Using the current market cap at the time of purchase, Coinbase will calculate a diversified portfolio of available cryptocurrencies that will be purchased with just a few taps. According to the company, it will be easy for anyone to own as much (or as little) of a stake in cryptocurrency as they see fit.

Once a bundle is purchased, the cryptocurrencies will be stored in their respective wallets and can be traded just like separate cryptocurrencies in one’s Coinbase account. One will be able to buy, sell, send and receive each cryptocurrency as an individual asset. Coinbase Bundles will be available to customers in the U.S. and Europe over the coming weeks.

Incidentally, the crypto exchange also announced that all of its UK customers can now access GBP payments and new GBP trading pairs on their Coinbase, Coinbase Pro or Coinbase Prime accounts.

Along with the Coinbase Bundle, the exchange will now host informational asset pages about the top 50 digital currencies in terms of market capitalization, in addition to a “Coinbase Learn” section aimed at educating newcomers to cryptocurrency trading.

The rollout will now allow users to submit their applications for virtual currencies to be traded in the platform via Coinbase Listing. The listing requests will be allowed “in a jurisdiction-by-jurisdiction manner,” depending on local laws. “In practice, this means some new assets listed on our platform may only be available to customers in select jurisdictions for a period of time,” according to the company.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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