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RE: Coinbase to Launch "Dow Jones" of the Cryptocurrency Markets

in #coinbase7 years ago

Initially I thought this was cool but it's actually rather pathetic. You cannot make an index out of essentially 2 holdings (ETH & BTC...the other two only make up 11%)....this would make sense if there were dozens of coins on coinbase but at this point it's silly. Most indexes are made up of dozens or hundreds of securities. If there are only 4 available, you don't need an index to invest, it's pointless.