If you were looking for more long term bullishness for crypto, we may have just found some more in Coinbase Asset Management. Coinbase president, Asiff Hirji, recently announced the new Coinbase Index Fund on CNBC to further their designs and efforts “to help accelerate the maturation of the asset class”. He also said, and I quote, “we are committed to adding more coins to the platform, and we will”, which is more than logical if you’re going to launch a managed fund – no managed fund is limited to just four assets.
So what does all that mean?
I think it means that Coinbase and GDAX are going to be adding assets, and most likely sooner than later. I would say at least 20. I mean, can you think of an index fund with less than 20 components?
Okay, let’s be conservative and say they manage to convince investors that 10 components is diversified enough (after all, it is market cap weighted). What do you think? Will STEEM and BitShares be there? If they use serious criteria the likes of what Weiss Ratings uses, then STEEM and BitShares will be there. If they consult real time network load data and system stress as seen on Block’tivity, they’ll most definitely be there. And if they do basic rudimentary risk/reward analysis and calculate the huge potential both have to offer, it's a shoo in that they'll be there!
What does all that mean?
Crypto is going prime time, and STEEM and BitShares are going to be part of a very select crypto club in the spotlight!
.
That’s what I think it means anyway.
Read the "The Dos and Don’ts" here if you're not aware of my rules.
Yes! I'm hoping everyone here agrees with you on STEEM (otherwise not sure why they're here), but people seem genuinely more mixed on BTS. To those folks, let me offer my 2 cents:
BTS is a decentralized cryptocurrency exchange platform. Think back to @cryptographic's recent posts on exchanges - what was the one flaw each had? They were all centralized with the data stored on servers, which puts you at their mercy when they're down/hacked (see: Coinbase and Binance hacks). BTS solves this problem by using BitAssets which are still pegged to USD but which you can also convert to USD without giving up your anonymity.
It's fast. Crazy fast. As in fastest blockchain platform currently out there. And that's just BTS 2.0.
BTS adoption by merchants is starting to pick up. It's admittedly been slow but a lot of merchants are starting to see the power of BTS, which should lead to a nice market cap jump.
BTS 3.0 is coming and likely will be a dApp off EOS (fork as a last resort alternative). Most folks won't even realize it but it gives BTS infinite opportunity to scale up and speed up. There's a lot of reason to be excited.
In a further vote of confidence, some coins are moving from ETH to BTS, especially as ETH's prices has gotten battered around by all the questionable ICOs of late.
Just look at this recent chart from Medium:
...and that's why I'm continuing to buy the dips for both BTS and STEEM!
Extremely well presented! Something to link to!
I'm especially happy to see the following stated here on my blog:
So true and not to be lost on anyone, nor the fact that there is ZERO counter party risk.
There's really no comparison, or better said, there won't be once you can onboard fiat again. 🙁
BTS 3.0 will probably be a dApp on EOS, a fork wouldn't be necessary, that's the whole EOS idea I thought.
For the rest, yeah I agree with all your points!
Yup, you're right! Good catch. Fork would likely only come in if BTS didn't ultimately enter as a dApp. Will update my post!
EOS forks need approval of at least 15% of the original token holders, so I really don't expect a plethora of different EOS chains, but rather 1-3 major ecosystems, where a DEX should be an important element.
I mean, yeah it's nice to have an EOSFinex around, but a Bitshares-style BTS working as a DAO is much better I think.
Keeping in mind the fact that those 15% (and the remaining 85% for that matter) will participate in all those chains, I'm thinking the figure may be more realistically put between 10-30. 😋
That’s an amazing news since I’m a coinbase customer. It looks like coinbase is finaly opening the doors to more opportunities. As you mentioned Coinbase announced last Tuesday that it would be introducing a cryptocurrency index fund. This is a fund that will be weighted in cryptocurrency similar to what the SPY does with stocks. So for me having an account in TD ameritrade gives me an opportunity to invest in this index fund as well, it’s like double great news. The company will be using the currencies that are presently traded on the GDAX exchange which Coinbase owns. Speaking of index fund that I assume will be available on stock exchange, I’m already invested in crypto company on stock exchange (symbol GBTC) Bitcoin Investment Trust holds bitcoins and from time to time issues creation baskets in exchange for deposits of bitcoins. Which means if bitcoin goes up GBTC goes up as well and you can buy it for much less then bitcoin itself. Now, what is not so impressive is that coinbase has only few cryptocurencies so far, but with your news and I hope you are right, it all can change which is soo exciting and I hope Steem will eventually be one of them.
Great news!
I didn't know that accounts with TD Ameritrade would have immediate access. That's very cool. Will be interesting to see if they can give the likes of GBTC a little healthy competition.
@cryptographic,
I think you are absolutely correct! Weiss rating and Blocktivity report reveal STEEM and BTS should be listed in all top rating exchanges in the world. So not only Coinbase and GDAX, I think STEEM will be added to CEX exchanges list as well.
Why STEEM?
For me this is not only a social media platform! This is something far more than that! The stability, the scalability and the community behind the project is absolutely at the top of the crypto rating. Specially exchanges like to listed coins which has huge community support! With all these categories STEEM is the best option and it might be short listed to be the next coin that we can see in these exchanges!
I am sad to say
These exchanges already added few shit coins in their coin lists as RIPPLE and BITCOIN CASH! For me there are just sh!ts nothing less, nothing more! Somehow you might not agree with my view! If so, you must check WEISS and BLOCKTIVITY reports :D Therefore, I hope these legitimate exchanges will revise their current crypto list before they go further!
Cheers~
You're so right! Time will tell, and those who don't do a good job separating the wheat from the chaff will get mud on their face, so there's great incentive there for them to clearly distinguish shit coins and keep them off their exchange and out of their index fund. We'll see.
My thoughts on the news is that the index fund will continue to pave the way to increase adoption for the asset class. It gets cryptocurrencies much closer to be an investable asset class although only for accredited investors at this point. This will be a great opportunity for volumes to increase as markets in the space still remain inefficient so prices may not always reflect true demand/supply economics. It will also help those bigger investors that are on the sidelines and hesitant given concerns on security and knowledge about the function of digital wallets.
It will also increase the price action when coins are added. I am sure that Coinbase will want to add the most attractive assets available. I think that Dan Larimer's creation are known to be of the highest quality so STEEM, BTS, and EOS will be high on the list of consideration. Although there is some competition given they are not in the Top 20 (except EOS which is still in ICO mode and probably will not be considered until it launches), the fact that these assets solve for speed, transaction fees and scalability will make them attractive.
The only place where Larimer's creations fall behind is in market cap. I think that's due to slow adoption, more than anything. Everywhere else they exceedingly excel. I think the key is to make these names household names, and then they'll be first in every category. Slowly but surely - I prefer organic growth over artificially stimulated growth any day.
Steem will definitely be there, but BitShares makes me think a bit..I'm a bit confused about BitShares. @cryptographic
Decentralized, zero third party risk is a no-brainer, in my opinion.
But that doesn't mean they will necessarily be successful with the concept, and that makes me think too. They could always fail, but the idea is solid I think, and someone will succeed with it. For now, my bets are on BTS being one of the successes in the niche. Again, it's not guaranteed by any means, but it's my best bet.
Then let's say the bets are closed .. :))) @cryptographic
Your post has added to my mood and I totally agree with you. I also heard that new virtual coins will be added (and Hirji confirmed that eventually it will), the latter will automatically get into the fund.
While the fund will be available only to accredited investors from the United States, but Coinbase is working on launching other funds that will be able to provide all investors with access to an equally wide range of digital assets. There will be demand, there will be proposals.
In the future, the geography of the presence of the index fund will be increased. They have more plans, and for us it's very good @cryptographic
Great news for everyone who isn't a U.S. citizen!
It's definitely bullish news for Bitcoin. Sometimes when markets are red no matter the magnitude of the news, it is not going to change that. Long-term though if it helps ETFs pass and another on-ramp into crypto why would that not be a very good thing?I would say this has to mean they will be adding more soon. My guess would be Steem , Bts and maybe Neo. They may not add Monero , I think they will want to stay away from Privacy coins.If CB adds more coins to their platform then it will be a decent diversified index. Yes, not much to it right now but an easy way for new money to hold crypto long term.This is standard in index funds to weight by market cap. Very reassuring to passive investors.
I hope steeem and Bts will be added as early as possible.
Great point. I agree 100% that they want to stay away from privacy coins. They are in the totally compliant line without a doubt. All which further limits the number of candidates to begin with and further ups the odds of STEEM and BitShares joining the club. Good insight.
To answer this very interesting question we have to factor in number of things. The most important one being the GDAX Digital Asset Framework, which essentially is the criteria by which GDAX adds coins to their platform.
For obvious reasons I can't discuss all the criteria as I am not an economic expert, everyone can see them here https://www.gdax.com/static/digital-asset-framework-2017-11.pdf
I think that everyone should take a good look at this list and try to understand what these people are looking for.
I personally am going to cover this topic in my blog later on as this needs a deep research before writing. I hope this helps :)
P.S. I really don't think they have a problem having as little as 7-8 assets. They are coinbase, they don't have any competition. Things might get interesting in the near future.
Very nice resource. Thanks. Looking forward to your blog post later on.
As for the criteria, it looks very good to me, especially with STEEM and BTS scoring high in the first three and the last main areas, and only less than high when it comes to market supply and demand (which will only improve as time goes on).
I think 7-8 will be difficult to sell as it is a highly speculative investment to begin with and, being so, demands more diversification, but that's just my opinion.
To be honest I don't know if that is the case. Investors that are going to put their money with the Coinbase fund are likely aware of the risk. Also what does diversified portfolio mean in crypto ? If BTC goes down, they all go down if BTC goes up not all of them follow immediately. So the bottom line is that even if you are extremely diversified, so far every coin out there follows BTC more or less. The correlation is extremely stromg, which makes their pitch about the limited basket of coins look easy.
Just my opinion also. Definitely very possible to add 20 - 30 coins. I guess we will see very soon :)
The correlation is strong, until it isn't. I don't think it's a question of if, only a question of when the big potential "upstarts" decouple with the generalized correlation. Being market weighted BTC is bad enough, and limiting the portfolio size only makes matter worse. Risk increases as potential reward falls. It should be the opposite in my view.
I understan your point and agree in general. But looking at this market - The common thought process is the following
I am not saying that this is good or Coinbase should have 3-4 asssets, I am saying that at the moment people prefer to have BTC compared to alts and that could be seen from the charts.
Personally my long-term portfolio does not have any BTC or ETH as I believe Blockchain 3.0 will be much more preferred.
Thanks for the discussion, it's really great to have a meaningful discussion on Steemit, happens rarely to me.
This is good news, though I'm looking to possibly add more if prices stay down at current prices. Once coinbase announce the new listings, prices should rise for the added coins. Have you been adding at these prices?
I think this is just another big positive adding to many big positives we already know about.
There's no where to go but up!
Hi @cryptographic
“In an interview with CNBC, Coinbase co-founder and CEO Brian Armstrong discusses how bitcoin and other cryptocurrencies are becoming Stock Market 2.0. Armstrong also notes that Coinbase will be adding several new cryptocurrencies in 2018 to go along with the three they currently offer — Bitcoin, Ethereum, and Litecoin.”
Coinbase CEO Brian Armstrong:
“> > The ones that are the most exciting to us that we have on the platform today are bitcoin, ethereum and litecoin, but there’s many more that are going to be added to the platform in 2018 and I think this is going to be a really exciting space for all kinds of institutional investors to make money.”
Which Altcoins Will Coinbase Add?
We are not certain, but if we had to guess we would say that the best contenders are steem,Bitshare, Dash, and Monero. (in that order).
We are huge fans and supporters of all these altcoins.According to the Weiss Ratings steem and bts will be the next.
Wow,
Great clip. Thanks for sharing!
So what you are trying to say is that Coinbase and GDAX are going to add 20 more coins to their portfolio?
If its true, then I see a huge uprising of the market once again as coinbase is a to go site when it comes to Bitcoins and other altcoins like Ethereum. There have been rumours about Ripple being added to coinbase and if the information you provided us with is gonna be true, then I think some of these currencies are going to hit coinbase : OMG, QTUM, NEO, NEBL, STEEM. These are just my picks, I hope these gets added.
P.S. Hope this crypto bloodbath will be over soon.
When you invest in an index fund, you’re investing in a group of assets. For example, instead of buying stock in Microsoft, you might choose to invest in Standard & Poor’s 500, an index fund based on the value of Microsoft and 499 other large companies. When the collective value of these companies increases, so does the value of your investment.
When an investor puts money into the Coinbase Index Fund, they are betting on the long term success of the crypto market as a whole, rather than a single cryptocurrency. Specifically, the value of the fund will be tied to that of four of the best performing cryptos in ratios that reflect their market capitalization — that is, their total market value. Bitcoin represents the largest share of the market, so it represents the largest share of the index fund — 62 percent — followed by 27 percent ether, 7 percent bitcoin cash, and 4 percent litecoin..
https://futurism.com/everything-coinbases-index-fund/
Nice article.
STEEM would be at around 2% if it were added today (by itself, with nobody else).
And as its value increases, more would have to be bought for the fund, which would spark a positive feedback loop, of course.
Hi @cryptographic always great to read your posts!
Thanks to our research spirit we found Steem and BTS, and after being with the steem blockchain for a good amount of time, and after researching and researching and everyday looking at it, it shows very clear and transparent all the hard work being done by the entire community.
On the steem blockchain we don't need a business plan or a project plan or anything, ACTIONS from everyday, DEVELOPMENTS, projects being done here, PEOPLE using it, show How Valuable this blockchain is!
And lets not continue talking about Hardfork20 and about SMTs, and about all the features that Steem is delivering, because we will never finish!
This is the most serious technology blockchain working nowadays, and will be #1 I believe with time. Its just a great community, and many best of the best developers are working to make it rock this year.
BTS is similar in many aspects, and its here to replace all this centralized exchanges as well as to solve many aspects of the financial system!
Thanks for sharing this knowledge!
Regards, @gold84
No doubt about. Once you truly understand just what is being done on the STEEM blockchain, there's really no way to deny it being #1.
And BTS the legitimate tie for 3rd.
How did I miss this article?
Absolutely, if Coinbase expands its index to 20 crypt, I would think that BTS and STEEM have to be in there. Both are offering real world solutions right now. Many of the top 20 are based upon conjecture. Not to rip on EOS, but it isnt even out yet and has a higher market cap than both of these.
By the way, I love what @stan keeps mentioning about EOS and BTS. It is going to be a great combination together.
It really looks like BTS is making moves to enable them to go after institutional traders. That is going to mean a lot more traffic on the network.
It will be interesting to see how things evolve in that area.
I would find it incredible if the number 1 rated crypto in the world wasn't in the mix. What with all that's going on, and, as you allude to, that will be going on, I think it's next to impossible that BTS and STEEM are not part of a serious index. It wouldn't be serious without them!
I watched a video with @stan.
He made no announcement when asked, kind of hedged, and said it will be coming soon.
I think it is something with BTS and EOS. He did say there is no way that BTS was going to be left behind.
Essentially, the challenge before the engineering people is how to take BTS and project it into all the EOS blockchains that are formed (since there will be more than one). Each EOS blockchain will work with BTS in @stan's view.
The crypt world is developing rapidly and if STEEM and BitShares are part of a very popular crypto club, then we will reach the heights much faster. And if it is available not only to US investors but to other countries, it will be great. Thank you for the good news @cryptographic
I'm beginning to think that things are going to start happening much faster than we'd ever might have thought. Imagine, with the amount of money to be made by making crypto easily available worldwide and the race that's going to take place to get a piece of that pie!
The Index Fund is the first investment vehicle from Coinbase’s new asset management division. It will include all digital currencies that trade on GDAX, weighted by market cap. This means at launch it will be comprised of 62 percent Bitcoin, 27 percent Ethereum, 7 percent Bitcoin Cash and 4 percent Litecoin. This will rebalance whenever a new asset is added to GDAX as well as once a year to account for supply changes (as different currencies have different inflation targets). They will definitely going to add steem and bitshares because BTS is built on top of the Graphene high performance blockchain, which means that it is capable of maintaining the current transaction speed of up to 3 seconds (limited by the speed of light in fibre optics cable) and scale comfortably to 100,000 transaction per second in the future .Exciting times, they are, more to come, but for us the future is already where we are at. Just realize how that works, 3-2-1 and another block added. Now compare that to 10 minutes, taking sometimes more than an hour to confirm, that's Bitcoin. And Dash makes that 6 times faster, true, but it still is not near 3-2-1. If you are using Bitshares and/ or Steem, you are in that high speed realm, there you go, another one, 3-2-1...
By establishing an index fund, Coinbase is giving these crypto supporters a chance to invest in digital currencies without all the hassle that goes along with choosing which individual cryptos they think will do best.
As Perianne Boring, president of the Chamber of Digital Commerce, told The Washington Post, “Coinbase’s new index fund is another example of the maturation of the cryptocurrency and blockchain ecosystem.”
The establishment of the Coinbase Index Fund puts us one step closer to that blockchain-supported future. If successful, the fund could mark the turning point between crypto’s infancy and its adolescence.
Definitely a maturing of crypto and one step closer.
@cryptographic - Sir I'm one of the unfortunate Asian who can't try their services :(
At this stage, investing in Coinbase Index Fund will only be available to US-resident, accredited investors. We’re working on launching more funds which are available to all investors and cover a broader range of digital assets.https://blog.coinbase.com/announcing-coinbase-index-fund-3925fbf548db
Sir they also mentioned like this...
Coinbase Index Fund will give investors exposure to all digital assets listed on Coinbase’s exchange, GDAX, weighted by market capitalization. If a new asset is listed on the exchange, it will be automatically added to the fund.'all digital assets listed on Coinbase's exchange, GDAX, weighted by market capitalization...'
Sir what's your interpretation of this statement?
After reading your articles, I understood the value of Weiss Rating & sometimes I'm checking Block'tivity too... But Sir, coinbase team is strictly referring few other index to listed coins in their exchanges... I wish they'll add steem & bitshares there... I know it's the wish of all of us...
+W+
It's not a question of "if", but rather "when".
And I think it's going to be sooner than later.
This is one of the reason the Weiss ratings matter so much. I'm sure if they use the same criteria then for sure steem will be listed. Bitshares too.
It's amazing how we're checking the right boxes! Now is the time to get on the freaking map!
I agree 100% The Weiss ratings give a huge boost of credibility to crypto.
BitShares has always had the best technology.
Now it has the strongest backing and the best marketing.
Here's the man on the subject: https://steemit.com/hero/@stan/the-million-to-billion-club
I completely agree with you @cryptographic . This will bring cryptos one step close to mass adoption . The current minimum investment for Coinbase’s index fund is $10,000, so those most likely to invest in it are financially well-off people or corporations with a good bit of money to play around with. These people likely already invest in other assets, and now, Coinbase is offering them a lower-risk way to dabble in the crypto market.
Eventually, though, the rest of the population could join them. Coinbase says it plans to launch additional index funds that aren’t limited to just accredited investors, and these could have much lower minimums.
https://futurism.com/everything-coinbases-index-fund/
I'm sure the rest of the population will be able to join in with this kind of investment much sooner than we think. Like you say, we're one step closer to mass adoption!
Yeah people need trustable medium to invest . Many stay away from cryptos due to it's little complexity . But that will be overcome in near future .
Yeap, I really believe that Steem has a great potential, this is why I keep powering up my small rewards :D Bitshares has a great price these days like only 16 cents. And if the market gets bullish again, having a lot of volatility will increase its price a lot! I can't wait for things to move up again, but I would like for the market to remain bearish a little more days so I will be able to buy more crypto at small prices :D
Hello @cryptographic,
Extraordinary good topic to discuss & I had no idea what INDEX FUND means:
HOW IS THIS DIFFERENT THAN INVESTING IN A CRYPTOCURRENCY?
When an investor puts money into the Coinbase Index Fund, they are betting on the long term success of the crypto market as a whole, rather than a single cryptocurrency. Specifically, the value of the fund will be tied to that of four of the best performing cryptos in ratios that reflect their market capitalization — that is, their total market value. Bitcoin represents the largest share of the market, so it represents the largest share of the index fund — 62 percent — followed by 27 percent ether, 7 percent bitcoin cash, and 4 percent litecoin.
Source: https://futurism.com/everything-coinbases-index-fund/
According to this description, Coinbase will be listed RIPPLE as the next cryptocurrency due to it's market capital. My argument is, If Coinbase Index Fund (CIF) is based on market capital, Steem & BitShares have no chance to be listed in near future.
~@mywhale
That's great to hear great time ahead for all the crypto lovers 2018 is the year of cryptocurrencies it may test us out but the party will go on
Nice post and i agree with you points, i think steem and BTS will fulfill all the requirements and i hope both of them will be there because steem and BTS no doubt considered one of the top coins in the market and they also has many advantages over other coins, you give very good examples of weiss rating and blockativity and it proves that steem and bts might get added in GDAX and coinbase and yes then it will be prime time, thanks for sharing your knowledge with us, Stay blessed
I was! With all these craziness going around nowadays that was exactly what I was looking for! Something long term. So this is good news for sure!
So much faith in Steem, and for good reason too. Like you said all those criteria is a go for steem. I was so excited about steem so high on the Weiss ratings; it's definitely a sign of good things to come, obviously.
But like I said, we really need good signs, cos at the moment things are so bleak. I invested more, though.
Great news!! Hope the dip will end quickly and we see new ATH's soon!
That’s what I love hearing. With today’s sellof there is great news at the same time. I hope it’s true, because as I am overlooking crypto sell off on my computer screen, I am thinking to myself “There are people selling right now!” There are governments across the world that are trying to limit cryptocurrency mining and trade. Sometimes for good reason! Don’t think that you are investing next to the nice old lady from church. You are investing with Everyone including North Korea, Iran, Venezuela, and so on. Let’s not forget where cryptocurrency came from. Bitcoin was widely thought of as a criminal technology, and much of the population still sternly believes it (without one… single… f’ing Google Search)! So why does this matter when the market is red? Because before your eyes, you are seeing the beauty of an unregulated market full of amateurs. Scared money is what rules the market right now. You have people who have taken mortgages, loans, and even sold property to buy more cryptocurrency. The reason you got into cryptocurrency is for days like this. I know you, reader reading this comment. You are looking for financial freedom while also having a direct impact in the future of money. So, why in the hell are you stopping your contrarian behavior the moment you walk in the door? That’s what is going to make you money! There are smart money buying right now. Why do you thing Coinbase, the biggest exchange company would release news such as creating index fund or adding new crypto to its GDAX exchange platform. These are not stupid and careless decisions. We should use this opportunity and add to our portfolio while everyone else panics. Thanks for this great info!
Yeah! Crypto is going prime time, and STEEM and BitShares are going to be part of a very select crypto club in the spotlight!
Agreed
My musings on the news is that the list reserve will keep on paving the best approach to build selection for the benefit class. It gets digital currencies considerably nearer to be an investable resource class albeit just for certify financial specialists now. This will be an extraordinary open door for volumes to increment as business sectors in the space still stay wasteful so costs may not generally reflect genuine request/supply financial matters. It will likewise help those greater financial specialists that are on the sidelines and reluctant given worries on security and information about the capacity of computerized wallets.
It will likewise expand the value activity when coins are included. I am certain that Coinbase will need to include the most appealing resources accessible.
before it all happened we can only predict, fundamentally and gather some information.
in this case can only be coinbase steem and the btS and according to me, the giant platforms will provide a favorable thing consumers so that consumers turn to them.
in some cases the crypto has emerged and this is something that used to be unknown presence, but now has been present in front of the eyes.
20 components could have been in the present and they definitely know how to it.
We will wait for the presence of steem n btS.
thanks for interest topic @cryptographic
I think that Coinbase Index Fund is good news for crypto traders.
I day trade and take my profits and purchase assets for the long term.
Coinbase adding Ripple or Cardano would have been nice!
No worries just purchase these cryptos elsewhere and hold them for a few years.
The SEC may NOT allow Coinbase to take this action without working with them and turning over all customer records.
This could be another ploy to bring in additional regulation.
Are you happy with Coinbase? I personally use them on a regular basis and think they are very safe to deal with.
I have resteemed this post to share the Coinbase information with others.
Unfortunately you cannot use coinbase in India because that feature is not supported by Coinbase for Indian users. What other ways are there for Indian users. Sorry for being a complete noob
I am not very familiar with crypto, but lately very much to talk about it, even to the village. And if crypto so an investment of all time, hopefully steem could be an option to manage
Steem has been removed from some stock market sites. I think that this result will be positive if there is Steem in the platform we are talking about. It will be very useful for both Coinbase and GDAX as well as Steemit.
Of course, the increased diversity on the market will have a negative impact. Everything will be exciting. If all this happens, Steem will be among your favorite coins if he can protect his place. And ascension will be inevitable.
Thanks for the post @cryptographic!
But what if not?
What's going to happen if neither STEEM nor BTS are added to the index?
What's going to happen of just one of the two won't be added (let's say BTS)?
Will it bring some kind of concern in your belief into these blockchains? Or it might just result in concern regarding Coinbase Index?
The drawback of the coinbase is
If you witdraw or want to immediately transfer your bitcoin in coinbase. You should note the amount that will go into coinbase. for example if you deposit in coinbase 20.000 satosi the amount that goes into your wallet account in coinbase of 10.000 satosi. So as a service provider of this wallet you are in taxes of 10,000 satosi each deposit of your bitcoin mining results. in conclusion try the amount that each of your input in the coinbase will be cut by 10.000 satosi every transaction receipt bitcoin to your wallet in coinbase. Allow you to deposit in large quantities.
The drawback of the coinbase is
If you witdraw or want to immediately transfer your bitcoin in coinbase. You should note the amount that will go into coinbase. for example if you deposit in coinbase 20.000 satosi the amount that goes into your wallet account in coinbase of 10.000 satosi. So as a service provider of this wallet you are in taxes of 10,000 satosi each deposit of your bitcoin mining results. in conclusion try the amount that each of your input in the coinbase will be cut by 10.000 satosi every transaction receipt bitcoin to your wallet in coinbase. Allow you to deposit in large quantities.
The Coinbase Index is a measure of the financial performance of all assets listed on Coinbase’s GDAX exchange, weighted by their market capitalization.
Coinbase Index Fund will only be available to US-resident, accredited investors. Coinbase is actively working on launching more funds which will be available to all investors and cover a broader range of digital assets.
To me, this is all about broadening the appeal of crypto tokens to a wider range of investors than are currently in the market. Making it simple for the average investor to get exposure to this emerging sector is a good thing and I am pleased that Coinbase is broadening its offerings to reach people it is currently not serving.
BitShares holders were forced to remove all of their BitShares from the exchange and all BitShares trading on Bittrex has ceased. As a result, $150 million was wiped off the BitShares market cap, almost instantly.
Only a few months prior, BitShares was in the top 10 in market cap, was one of the highest traded by volume coins, and had experienced a dramatic rise in price. It is curious that the popular cryptocurrency would be delisted almost inexplicably. Even more curious is the timing.
BitShares had recently announced several businesses that were migrating to the BitShares platform as well as the expansion of the BitShares Foundation. The Foundation’s mission is to promote, advocate and grow the BitShares ecosystem to its full potential. With all of this good news, legitimate growth and success, why would Bittrex delist BitShares out of the blue?
When will the price of Sbd rise again
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wow very excellent post Thanks for sharing i will done upvote..,,,,
well done
great post
i liked..........///////////
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Steem could be definitely there as it the most active one hopefully bitshares too will get along added to it :)
Early signs suggests steem will get listed as gdax is preferred by steemit itself which can be seen and having coinbase along could push the things in a long way
Great article. Coinbase is regulated though, as a corporation registered in US...that's why they can't speak about which coin is going on next.
Any guesses? I'd guess it's going to be an announcement of more than one coin...