Day trading cryptocurrency isn’t for everyone. For that reason, as well as to reach a new group of investors, many exchanges are launching their own crypto index funds. Managing multiple cryptocurrencies is time-consuming, with so many options available and so much research necessary. Index funds are based on the overall performance of a group of assets, rather than one often volatile individual cryptocurrency. While it’s true that the crypto market as a whole remains volatile, index funds help spread this risk and remove some of the need to manage trading. While most have been restricted to US accredited investors with a large amount ofPowered by WPeMatico
Popular US cryptocurrency exchange Coinbase announced today the launch of its first ever index fund. Global Digital Asset Exchange (GDAX), which is owned by the San Francisco-based retail exchange, will provide to its accredited investors the option of buying the lot, all assets, weighted, into one financial product. Also read: Québec Premier: We’re Not Really Interested […]
No one will deny that cryptocurrencies open up a lot of existing markets and new business opportunities. Some of the business models require a rather bold approach, as Crypto20 illustrates perfectly. This project is all about establishing a tokenized cryptocurrency index fund which supports a total of 20 different currencies. Its native token, known as C20, can be traded on various exchanges. Why Should we Care About Crypto20? Not every person on the globe is cut out to buy cryptocurrencies and hold onto them for the long term. That is only normal, as the process of buying cryptocurrencies and storing